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New Zealand Superannuation Fund starts lending


31 October 2017 Auckland
Reporter: Jenna Lomax

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Image: Shutterstock
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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