NZ Superfund: Performance & Investment Detail

Source: TV One Q & A, August 29, 2010.

A really interesting interview with Paul Holmes interviewing Adrian Orr, head of the New Zealand Superannuation Fund (NZSF) and what he thinks about the NZ and global economy and where it might be headed.

He briefly outlines the investment profile and goals of the NZSF and gives his view on what makes a good investment for the long-term.

I don't agree on the Government or rather taxpayer funding our retirements but be that as it may returns have been pitiful since the funds inception in 2003. An annual return of 5.39% before tax is what kiwis have to look forward to.

Yes, it is a long term 20 year investment horizon but after 7 years we have lost money on this escapade - we have invested on borrowed money.

Investments in the NZSF are spread across the world, including New Zealand, from equities to bonds to foreign exchange.

Find out more about the NZSF

Full list of Equities
Returns to June 30 2010
NZSF Statement of Intent
NZSF 2009 Annual Report


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c Share Investor 2010

VIDEO: Don Braid with Paul Holmes on the Economy

Q&A Interview

Paul Holmes discusses the economy with Mainfreight Ltd [MFT.NZ] managing director Don Braid,

Far North Mayor Wayne Brown and Economist Shamabil Yarkob today on Q & A.

Focus on what Don Braid says about the economy. His experience is that it is growing from exporting and his own company has grown in the last quarter, mainly from poaching market share off competitors.

He emphasizes that businesses that are surviving the current recession have done so by cutting back business fat: employees, removing poor business practices, economising where possible and that growth for New Zealand is going to be long and hard - something I have been saying for the last two years.

Don quoted this statistic:

From 2004 - 2010 the Public Admin and safety sector increased employment by 20% while the manufacturing, transport and warehousing sector dropped by the same amount.

Too many bureaucrats got us into this recession in the first place and we need to strangle off the clipboard carriers so we can grow businesses and the economy.

I interviewed Don late last year and he is very forthright and straight up with his answers. No bullshit and no bluster.

His take on the economy now and over the coming years I believe is an accurate place on where we are at present.


Disclosure I own MFT shares in the Share Investor Portfolio


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c Share Investor 2010