The Guardians of New Zealand Superannuation, the manager of the New Zealand Superannuation Fund, announced today that it had terminated AMP Capital’s New Zealand active equities mandate effective 30 October 2014. The value of the mandate was NZ$257.5 million.

AMP Capital were appointed to the mandate in 2003.

The decision does not affect the Fund’s 5% allocation to New Zealand equities.

A list of the Fund’s external investment managers can be found at: https://www.nzsuperfund.co.nz/how-we-invest-investment-managers/our-managers

ENDS

Media contact: Catherine Etheredge, 0274 777 501, cetheredge@nzsuperfund.co.nz