Of politics, contradictions and NZ Super Fund's presentation

Thu, 29 Oct 2020

"If you're explaining, you're losing," said former US President Ronald Reagan about politics, but I generally find that the more complicated a business presents itself as being, the more that's an indication not all is well.A case in point is the New Zealand Superannuation Fund's 252-page annual report.On pages 48 and 49, the Super Fund illustrates 'Where We Invest' with a handy chart and a map of the world that tells you 13.9 percent of the fund is invested in NZ, and that has yo-yoed a bit, but increased from...

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