The NZ entry only mentions New Zealand Superannuation Fund (70 billion) and ignores other government funds. NZ has a Hazard Fund (was 6 billion before earthquakes) and ACC investment fund (47 billion) and the Government Superannuation Fund (retirement funds/pensions for politicians and government employees) and the
National Provident Fund and I think that some government departments also have their own investments.
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[ 98.9 ms ] story [ 1699 ms ] threadAs a New Zealander, the whole debacle appears just like just another normal contradictory US narrative.
Edit: and the concept of a wealth fund implies either:
(1) the US investing in foreign non-US shares - most sovereign wealth funds invest in US and offshore, or
(2) a fund that self-invests within the country - often non-capitalistic (e.g. invest for government policy initiatives) or crony.
Here's a list by country: https://en.m.wikipedia.org/wiki/List_of_sovereign_wealth_fun...
The NZ entry only mentions New Zealand Superannuation Fund (70 billion) and ignores other government funds. NZ has a Hazard Fund (was 6 billion before earthquakes) and ACC investment fund (47 billion) and the Government Superannuation Fund (retirement funds/pensions for politicians and government employees) and the National Provident Fund and I think that some government departments also have their own investments.
There's a lot of ESG involved https://fallback.nzsuperfund.nz/assets/Uploads/CTI-Quarterly... and the government wants to use funds to "invest" in internal NZ infrastructure: https://newsroom.co.nz/2024/05/07/national-progressing-chang...