KiwiSaver

Home market bias in Super Fund

Friday 15th of August 2003
Event
  • The NZ Superannuation Fund has announced its asset allocation model and will commence investing at the end of September 2003.
  • Impact

  • A home bias is evident, as 7.5% of the fund will be invested in NZ equities which account for only 0.1% of the MSCI world index. NZ equities have under-performed most other major markets over the long-term, so this stra...
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