NEW ZEALAND - The New Zealand Superannuation Fund increased its global equities exposure from 45.1% to 63.1% over the month to July 31 and reported pre-tax returns of 4.76%.
The NZ$16.4bn ($11.6bn) fund's NZ$700m profit for the month follows losses of 1.54% in June and 4.82% in May. The fund ramped up its holdings in global equities to NZ$10.7bn of total assets in J...
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