NZ Super to keep 80/20 equity, bond split after review
While the fund suffered negative growth over the 11 months of the most recent financial year, it will keep using its passive reference portfolio to benchmark its active investments.
New Zealand Superannuation Fund’s most recent five-yearly review of its passive reference portfolio has concluded that the sovereign wealth fund will maintain its core asset allocation and hedging strategies.
The reference portfolio provides the guardians of NZ Super, the fund’s board of governors, with a gauge of how much the investment team is adding value by the use of active management.
NZ Super’s chief executive officer Matt Whineray told AsianInvestor that for this review,…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.