Northern Trust Gets New Passive Equity Mandates from NZSF
Northern Trust’s asset management arm has been appointed by the New Zealand Superannuation Fund (NZSF) to manage four new passive global equities mandates. Increasingly, public pensions and sovereign funds are utilizing passive strategies to save on costs and achieve greater diversification. Nearly two-thirds of the New Zealand Superannuation Fund is managed passively.
The new mandates will track:
- Global Large Cap
- Global Small Cap
- Developed Emerging Markets
- Developed Real Estate Investment Trusts (REIT)
Since 2007, Northern Trust has had a custodial relationship with the NZSF.
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