NZ Super Fund Seeks New Zealand Investments

October 7, 2015 New Zealand Finance

The New Zealand Super Fund is looking for new local investment, but has trouble finding new opportunities which meet its requirements.

The New Zealand Super Fund is actively looking for more New Zealand investments, according to comments made by the Chief Executive Adrian Orr at the release of the Fund’s annual report.

The New Zealand Super Fund currently has a total of NZD 4.4 billion in investments in New Zealand, out of a total investment portfolio of NZD 29.54 billion.

The current domestic investment level of NZD 4.4 billion is higher than in 2014 when the investments were only NZD 3.7 billion.

While the Fund is looking for new domestic investment opportunities, it was also noted that there are not many opportunities for investment that meet the requirements for scale and return.

However, Adrian Orr added that the Fund is in a good position to enter any investment possibilities that may arise, as it has access to large and quickly capital and does not need to receive approval from the Overseas Investment Office, and, in addition, the participation of the Fund can help the invested equity grow due to improvements in branding.

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