New Zealand Superannuation Fund starts lending 31 October 2017Auckland Reporter: Jenna Lomax
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The New Zealand Superannuation Fund has started lending its holdings of stocks and bonds, a new report has revealed.
The fund currently holds NZ$35.36 billion ($24.5 billion) in assets.
In May 2017, the fund was able to gain State Street Bank and Trust Company’s support, appointing them as agents to lend a portion of the fund’s securities for its new securities lending programme.
New Zealand Superannuation Fund said that the new programme: “will help us to earn additional returns from our large passive holdings of equities and bonds”.
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