Going opportunistic

New Zealand Superannuation Fund was set up by the government in September 2003 to help pre-fund future universal superannuation entitlements. Withdrawals are not scheduled to start until 2029/30. The Auckland-based fund has posted before-tax, after-costs return of 7.56% a year since inception, and as of 31 October had NZ$20.17 billion ($16.4 billion) in assets. Q What are NZ Super Fund’s investment and return targets? A Our legislated mandate is to maximise returns without tak…