NZ Super Fund eyes Aussie rural land and diversification away from dairy

Tue, 02 May 2017

By Tina Morrison May 2 (BusinessDesk) - The New Zealand Superannuation Fund, which has bought up 21 local dairy farms as part of its push into rural land investment, is looking outside the dairy sector for its next foray, eyeing land used for beef and permanent crops and expansion into Australia. The sovereign wealth fund had just 1 percent of its $34.09 billion fund invested in rural farmland as at March 31, short of its 3 percent goal, half of which is earmarked for local investment and the rest overseas. According to its 2016 annual re...

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