NZ Super to invest in three funds

NZ Super will invest NZD260m locally in the next 10 years.

The New Zealand Superannuation Fund (NZ Super) will invest up to NZD90 million in Direct Capital Fund V Fund; NZD120 million to Pioneer Capital Fund III and NZD50 million into Movac Fund IV.

NZ Super Fund sees the potential growth and attractive opportunities in small to medium-sized companies in New Zealand market and had NZD4.9 billion invested locally.

Platinum subscribers may click here for the NZ Super's full profile, including key contacts, allocation strategy and fund investments.