New Zealand Superannuation Fund posted a 17.08% return for the six months ended Dec. 31, bringing the Auckland-based fund to NZ$18.21 billion (US$14.06 billion).
Global equity markets played the biggest role in the return of the fund, which had 60.1% in global equities as of Dec. 31, according to a news release from the fund.
As of Dec. 31, the rest of its assets were allocated as follows: 10.3% international fixed income; 7.9% infrastructure; 6.6% timber; 5.2% domestic equity; 4.2% global listed property; 2.4% other private markets; 1.5% domestic property; 1.2% private equity; 0.1% domestic fixed income; and 0.5% in cash, collateral and foreign exchange hedges. (The fund’s foreign currency exposure was about 72% hedged back to the New Zealand dollar.)
Further information could not be learned by press time.
