The New Zealand Superannuation Fund has released its monthly performance and portfolio report for October 2014.

Key Points:

• Fund size: $27.11 billion
• Fund return: 1.47% during October (after costs, before NZ tax)
• Total return of 9.92% p.a. since inception (after costs, before NZ tax) compared to Reference Portfolio return of 8.75% p.a.
• Total return of 14.78% over last twelve months, compared to Reference Portfolio return of 12.65%