NZ Super Fund seeking more NZ investments where it has 'hometown advantages'

Tue, 06 Oct 2015

By Fiona Rotherham Oct. 6 (BusinessDesk) - The New Zealand Superannuation Fund is actively seeking new domestic investment opportunities where it believes it has “hometown advantages” but chief executive Adrian Orr said they’re difficult to find at the scale it needs. The NZ Super Fund’s 2014/2015 report released today shows it had $4.4 billion of its $29.54 billion portfolio invested in New Zealand compared to $3.7 billion a year earlier. Domestically it made one major purchase in the past year – an additional 3.2 percent stake in Kainga...

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