According to the NZS 2008/9 ‘Statement of intent’ released late in June, the Fund has a few immediate objectives such as “exploring the benefits of increased protection against the effects of inflation, lengthening the duration of our fixed income exposures, and assessing how we can best benefit from the differential between New Zealand and global interest rates”.

In the spirit of transparency so highly-rated by the Peterson Institute, both the ‘Statement of intent’ and the ‘Revised investment policies’, released early July, are now available on the NZS website. Go read them.