New Zealand Superannuation reports 1.3% gain for February

New Zealand Superannuation Fund, Auckland, reported a 1.31% investment gain for the month of February, lifting the value of its portfolio to a record NZ$21.99 billion (US$18.2 billion) as of Feb. 28.

With the latest advance, the portfolio has enjoyed a 17.6% gain for the 12 months through Feb. 28, according to an announcement on the superannuation fund’s website.

Over the past month, New Zealand Superannuation’s allocation to infrastructure fell by more than one percentage point to a little more than 6% of the portfolio, reflecting a partial sale of its holdings in Auckland International Airport.

The allocation to global equities, meanwhile, rose one percentage point to 61%.

Other major allocations remained unchanged, including 10% in fixed income, 6% apiece in timber and property, and 5% in New Zealand equities.