NZ Super Fund return positive result

The New Zealand Super Fund returned 1.61% in January, down from 4.42% in December.

It said the main factor influencing January's return was a "modest gain" in the fund's global equity investments.

For the financial year to date, it returned 18.96%, while its annualised return since inception is 7.55%. The fund has $18.47 billion invested.

The fund's largest holdings include Auckland International Airport, Fletcher Building, Contact Energy and Telecom.

The Superfund was set up to pre-fund the future cost of New Zealand superannuation by investing government contributions and returns on the contributions for the long term.

NZPA

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