Tilt and win: how the NZ Super Fund turned Trump's tariff turmoil into gains

Tilt and win: how the NZ Super Fund turned Trump's tariff turmoil into gains
The NZ Super Fund introduced strategic tilting in 2009. It used the strategy to ride through market volatility thanks to US President Donald Trump's tariff regime. (Image: Getty)
Rebecca Stevenson
While United States President Donald Trump’s Liberation Day tariff bombshell wiped trillions from stock markets, the New Zealand Superannuation Fund was making moves and cashing in.The Super Fund reported its annual result on Monday, which included a $745 million active investment windfall it banked over and above what it could have earned if it had invested passively. Chief executive Jo Townsend said the main contributor was the fund’s strategic tilting programme, which aims to invest more in assets that seem cheap a...

More Markets

NZ stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Jamie Gray 12 Sep 2025
Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Staff reporters 12 Sep 2025
Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Gregor Thompson 12 Sep 2025
Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

Staff reporters 12 Sep 2025