New Zealand Superannuation Fund, Auckland, returned 1.88% in February and 17.24% year-to-date Feb. 28 for its fiscal year that started in July, according to a performance report released by the NZ$15.94 billion (US$11.4 billion) fund.
The return is an improvement from the 1.97% loss the fund suffered in January. The value of the fund increased by NZ$296 million in February.
The fund’s current asset allocation is large-cap international equities, 36.7%; international fixed income, 16.7%; timber, 7.5%; global listed property, 7.3%; New Zealand equity, 7%; infrastructure, 6.5%; small-cap international equities, 6.3%; commodities, 5.3%; emerging markets international equities, 3.5%; New Zealand property, 1.7%; private equity and New Zealand fixed income, 1.2% each; other private markets, 0.9%; and cash, collateral and FX hedges, -1.8%.
A fund spokesman could not be reached by press time.