NZ Super increases global equity and EM exposure
Changes include increasing the allocation to global equities from 70% to 75%, of which 65% is to be targeted at developed markets and 10% to emerging markets.
The New Zealand Superannuation Fund is the latest institution to reaffirm its commitment to growth investments by increasing its allocation to global equities.
The NZ$29 billion ($19.1 billion) fund has also appointed new heads of risk and compliance and is proceeding with its debt recovery case against the Bank of Portugal in the European courts.
The latest five-yearly review of the NZ Super Fund’s "reference portfolio", announced yesterday, has concluded that the fund should …
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