New Zealand's sovereign fund will transition away from fossil fuels and seek new investments in alternative energy, energy efficiency and infrastructure, said chairman Adrian Orr.
Tag : whineray
The state fund is the latest institution to incorporate factor investing into its long-term strategy. CIO Matt Whineray shrugs off concerns some have raised about smart-beta trades getting crowded.
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.
Matt Whineray, general manager of investments at New Zealand Super Fund.
