NZ govt investment funds to dump Russian assets

NZ govt investment funds to dump Russian assets
NZ govt's major investment funds move against Russian govt and its state owned enterprise (Image: Getty)
Jacques Steenkamp
While the New Zealand government mulls over introducing new legislation to allow for harder sanctions against Russia for its invasion of Ukraine, four large state-owned NZ investment funds will be dumping their Russian assets "as market conditions permit".The NZ Super Fund (NZSF), Accident Compensation Corporation (ACC), Government Superannuation Fund (GSF) and National Provident Fund (NPF) said they would be excluding “sovereign debt and the securities of the majority of Russian state-owned enterprises from their respective fun...

More Markets

NZ sharemarket up 0.3%, Tower dominates trading
Markets Market Close

NZ sharemarket up 0.3%, Tower dominates trading

The S&P/NZX 50 Index closed at 12,312.6, up 42.6 points or 0.35%.

Graham Skellern 01 Apr 2025
Behind the rise of shareholder activism
Markets

Behind the rise of shareholder activism

Activists can be seen as 'baddies', but a new report says there are benefits.

My Food Bag CEO signals 'return to growth'
Retail

My Food Bag CEO signals 'return to growth'

My Food Bag's chief executive, Mark Winter, says the company has "returned to growth" after strengthening its sales performance in the second half of the financial year.On Tuesday, the meal-kit delivery firm told the NZX that it expects to deliver full-year earnings in line w...

Gregor Thompson 01 Apr 2025
Who is Mainland Group's chair-elect Liz Coutts
Primary Sector

Who is Mainland Group's chair-elect Liz Coutts

From CEO at 31 to one of NZ's most sought-after directors.