Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Performance and Portfolio Update To October 2010

TO 31 October 2010

1. Headline results

Returns to 31 October 2010

Please note that Returns are after fees but before NZ tax paid. We regard NZ tax paid as a return to the Crown.

Fund Size therefore reflects the since inception combination of:

Contributions + Returns – NZ tax paid

The two tables on this page show:

a. the Fund’s headline returns for the month, FYTD and since inception; and

b. we have expressed in $ how the size of the Fund has changed since inception and what has contributed to that change (in this table we also show current month and FYTD data).

FUND SIZE AT 31 October 2010 $17.66bn

Return (annualised since inception)
Month 2.66%
2010/11 FYTD 12.55%
Since Inception 6.99%

Main factors influencing monthly return Strong rallies in the global equity markets and global fixed income markets during the month.



/ Month / 2011 FYTD / Since Inception
Contributions received / $0bn / $0bn / $14.88bn
Plus Returns after fees / $0.46bn / $1.97bn / $4.16bn
Less Tax (Paid) / Received[1] / $0bn[2] / $0.07bn / ($1.36bn)
Other movements[3] / / / ($0.02bn)



1 Tax ‘received’ covers any instances of refunds for overpayment of tax.
2 Principally because of the impact of the GFC, the Guardians accumulated approximately $1.6 billion of tax losses. As a result of more positive market conditions post June 2009, there are no remaining tax losses at 31 August 2010.
3 Movements relate to transactions other than tax paid or returns e.g. tax expense, movements in reserves.

Full release: Fund_performance_to_31_October_2010.pdf

© Scoop Media

Business Headlines | Sci-Tech Headlines


Barfoot & Thompson: Auckland Rental Prices Inch Up Again, But Upward Trend Could Ease In Coming Months

Data from nearly 16,000 rental properties managed by real estate agency Barfoot & Thompson shows Auckland’s average weekly rent rose by $6.12 (or 1 percent) during the second quarter... More>>

ComCom: Draft Report Says Regulatory System Favours Established Building Products
The Commerce Commission’s draft report into competition in the residential building supplies industry has identified two main factors negatively impacting competition... More>>

Statistics: Annual Wage Inflation Rises To 3.4 Percent
Wage inflation, measured by the labour cost index (LCI), was 3.4 percent in the year ended June 2022, while average ordinary time hourly earnings rose 6.4 percent, Stats NZ said today... More>>


Heartland: Retirees Facing Pressure From Higher Cost Of Living And Increasing Debt In Retirement

Heartland has seen a significant increase in Reverse Mortgages being used to repay debt. Among the most affected by the increasing living costs are retirees, many of whom are trying to get by on NZ Super alone... More>>

APEC: Region’s Growth To Slow Amid Uncertainties And Crises
Economic growth in the APEC region is expected to slow this year amid soaring inflation, a protracted war in Ukraine and heightened uncertainties, on top of the continuing impact of the pandemic and virus mutations that are draining resources, according to a new report by the APEC Policy Support Unit... More>>

Financial Markets Authority: Survey Sheds Light On New Zealanders’ Experiences With Financial Sector
Most New Zealanders are confident in their ability to make financial decisions, but only one-fifth say they are in a secure financial position... More>>