New Zealand Superannuation Fund, Auckland, posted a 4.38% return for the nine months ended March 31, bringing the fund to a record-high NZ$19.46 billion (US$15.94 billion).
The fund returned 2.89% in March, the fourth straight month of positive returns.
Global equity markets played the biggest role in the positive return; the fund had 59.8% in the asset class as of March 31, according to a news release from the fund.
Along with global equity, the fund's asset allocation as of March 31 was 9.3% infrastructure; 7.9% fixed income; 6.5% timber; 6.3% global listed property; 5% domestic equity; 3.1% other private markets; 1.7% private equity and 0.4% rural farmland.
Spokeswoman Catherine Etheredge was not available by press time for additional information.