New Zealand Superannuation Fund, Auckland, on Tuesday reported that the value of its investment portfolio rose 1.41% in April to end the month at NZ$25.51 billion (US$21.9 billion).
With the latest month's gain, the portfolio's return for the 12 months through April 30 came to 18.1%, just above its annualized five-year return of 17%.
The superannuation fund's asset allocation, prior to adjustments made under New Zealand's strategic tilting program, ended April unchanged from the previous month, with 62% of the portfolio in global equities, 11% fixed income, 6% real estate, 5% each timber and New Zealand equities, 4% infrastructure, 3% each in private equity and “other private markets,” and 1% in rural farmland.