NEW ZEALAND - The guardians of the state superannuation fund have decided to divest NZ$37.6m (US$28.2m) of tobacco holdings, to better comply with the fund's responsible investment framework.
Adrian Orr, CEO, New Zealand Superannuation Guardians, said: “While our preferred approach to responsible investment issues is to engage with the company or sector, in the case of tobacco manufacture we...
NEW ZEALAND - The New Zealand Superannuation fund has returned -11% for the third quarter of 2011.
NEW ZEALAND - The New Zealand Superannuation Fund rose by 25% in the year to June to hit a new high of NZ$19.03bn ($14bn), its annual report shows.
AUSTRALIA/NEW ZEALAND - Northern Trust has appointed Rohan Singh as managing director of its Australia and New Zealand business.
NEW ZEALAND - The New Zealand Superannuation fund has returned 25.05% for its fiscal year ending June 2011.
NEW ZEALAND - More than half (57%) of New Zealanders believe that KiwiSaver membership should be compulsory, according to research released by the Financial Services Institute of Australasia (Finsia).