sharetrader
Results 1 to 5 of 5
  1. #1
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    4,411

    Question N Z Super Fund, investments.

    I see that the N Z Super Fund has poured another US $4.5 mil into Rubicon Technologies , its S P has tanked from $15 to $1.50 today is that a good company to be investing in

  2. #2
    Senior Member
    Join Date
    Nov 2018
    Location
    Christchurch
    Posts
    1,063

    Default

    Would not be the 1st time and would not be the last. I remember during John Key's time where the NZ Super Fund invested in some bank in Spain. It had high ratings by some ratings firm (Fitch or Goldman Sac?) when in a matter of months, it turned out to be a poison pill.

    I also often wondered why gov't pension funds can not simply buy the S&P500 index ETF ; and instead, employ managers who have the ego to think they can 'beat the market' by individually picking stocks they think would do better.

  3. #3
    Ignorant. Just ignorant.
    Join Date
    Jan 2005
    Location
    Wrong Side of the Tracks
    Posts
    1,587

    Default

    Quote Originally Posted by SBQ View Post
    Would not be the 1st time and would not be the last. I remember during John Key's time where the NZ Super Fund invested in some bank in Spain. It had high ratings by some ratings firm (Fitch or Goldman Sac?) when in a matter of months, it turned out to be a poison pill.

    I also often wondered why gov't pension funds can not simply buy the S&P500 index ETF ; and instead, employ managers who have the ego to think they can 'beat the market' by individually picking stocks they think would do better.


    You can find some of the details at about p130-odd
    https://www.nzsuperfund.nz/assets/Pu...rt-2021-22.pdf

    Out of idle curiosity, does anyone have a comparative performance graph of the NZSF vs various indices (STOXX600, FTSE100, S&P500, ASX/200 etc) for (say) the past ten years?
    Last edited by GTM 3442; 05-03-2023 at 08:33 AM. Reason: clarity

  4. #4
    Senior Member
    Join Date
    Nov 2018
    Location
    Christchurch
    Posts
    1,063

    Default

    Quote Originally Posted by GTM 3442 View Post
    You can find some of the details at about p130-odd
    https://www.nzsuperfund.nz/assets/Pu...rt-2021-22.pdf

    Out of idle curiosity, does anyone have a comparative performance graph of the NZSF vs various indices (STOXX600, FTSE100, S&P500, ASX/200 etc) for (say) the past ten years?
    Fancy, window dressed, prospectus. I would question the same thing, why does the NZSF prospectus NOT illustrate their performance to the various indices like the S&P500? It should be the very base benchmark, and is universally accepted globally as a comparative standard.

    I've come across similar antics when I lived in Canada when gov'ts there numerous times have mismanaged tax payer funds. Actually it's the key reason why the affluent choose to manage their own finances and don't depend on any gov't pension scheme. It's really a sad situation where the majority of the population depend on the gov't to serve their retirement pension when the reality is such entities return the individuals a lot less than simply buying the index fund throughout until retirement.

  5. #5
    Guru
    Join Date
    Apr 2003
    Location
    Wellington, New Zealand
    Posts
    4,876

    Default

    Quote Originally Posted by SBQ View Post
    Fancy, window dressed, prospectus. I would question the same thing, why does the NZSF prospectus NOT illustrate their performance to the various indices like the S&P500? It should be the very base benchmark, and is universally accepted globally as a comparative standard.

    I've come across similar antics when I lived in Canada when gov'ts there numerous times have mismanaged tax payer funds. Actually it's the key reason why the affluent choose to manage their own finances and don't depend on any gov't pension scheme. It's really a sad situation where the majority of the population depend on the gov't to serve their retirement pension when the reality is such entities return the individuals a lot less than simply buying the index fund throughout until retirement.
    Relying on the government is never a good option.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •