NZ Super Fund: What are its major investments?

NZ Super Fund: What are its major investments?

NZ Super Fund: What are its major investments?

Tech giants and fuel companies are among the New Zealand Super Fund's biggest investments.

Its major assets are detailed in the fund's monthly reports.

The fund fell 3.57 percent to $28.33 billion last month, as world markets plunged. That was a drop of just over $1 billion. But to put that in perspective, the fund slightly outperformed the "reference portfolio" it measures itself against.

The fund has averaged returns of 9.21 percent per year since it was launched in 2003, compared to 7.93 percent for the reference portfolio.

So what have they invested in?

The fund's two biggest share market investments are listed here in New Zealand. They are fuel company Z Energy (1 percent of the fund's total value) and retirement village operator Metlifecare (0.7 percent of the fund).

The next biggest investment is Apple, which at the end of January accounted for 0.6 percent of the fund's total value.

1. Z Energy - $274.6 million, or 1 percent of the fund's value           

2. Metlifecare - $187.4 million

3. Fisher & Paykel Healthcare - $127.8 million

4. Auckland International Airport - $114.8 million

5. Fletcher Building - $112.8 million

6. Spark New Zealand - $97.4 million

7. Meridian Energy - $95.6 million

8. Ryman Healthcare - $76.4 million

9. Trade Me Group - $59 million

10. Summerset Group Holdings - $58.2 million

1. Apple - $161.7 million, or 0.6 percent of the fund's total value)

2. Alphabet / Google - $130.7 million

3. Zurich Airport - $128.2 million

4. Microsoft - $122 million

5. Exxon Mobil - $ 94.7 million

6. Johnson & Johnson - $84.5 million

7. General Electric - $79.3 million

8. Wells Fargo & Co. - $72 million

9. Nestle - $70.7 million

10. Facebook - $69.9 million

Not all of the fund's money is invested in shares, global equities account for 65 percent of the fund, with five percent of its funds invested in New Zealand shares.

Fixed Income assets (bonds) make up 12 percent of assets.

The remaining assets include timber, infrastructure, rural farmland, property, private equity and "other private markets".

The fund has 37 percent of its investments in North America, 29 percent in Europe and 16 percent in New Zealand.

The next biggest exposure is Australia (6 percent) and Japan (5 percent.) 

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