I have an admiration for the New Zealand Super Fund and that’s based on achievement.
Thanks to Mary McDougall for the article and charts.
Mary McDougall’s article is well worth reading, I have some spare “free reads” so early birds can read Mary on this link.
I suspect that most liberal British and European readers , reading the headline will react like this American
But is this the liberal fallacy or is America going to win more because it is already a punk? is there a bigger bully? Are other superfunds such as Singapore taking the same view? Toby Nangle wonders if Singapore’s superfund is biggest of all.
I’ve got loads of free reads , here’s one for Toby’s article which touches on Mary’s.
Singapore is as secretive about it’s fund as New Zealand is open and that may point to New Zealand’s being relatively small and wanting to punch above its weight while Singapore is so huge it has to be passive and doesn’t say much about anything
This is a quote from Singapore’s Ministry of Finance’s report on its wealth.
The questions most interesting to me are how these funds are used by Government’s to indicate their “activity”. New Zealand’s is small , agile and high profile, Singapore’s the exact opposite (though it may be doing the better for not falling out with Trump).
My guess is that we are going to have to ask us whether we want our pensions to be as exposed as they currently are (I am talking about DC pension pots) to the United States. I have said before that I have twice as much invested in Microsoft as I do in UK shares!
Do we stick with weightings based on past success or think like the Kiwi’s that we really ought to be investing more in Europe (and to New Zealanders , Europe includes the UK!)
