The Cook Islands National Superannuation Fund (CINSF) continued its strong growth on the back of continued gains in Global Equities to surpass NZD$250m in Assets under Management (AUM).
The CINSF ended 2023 on a high with their Assets under Management at NZD$236million, up almost $30million on 31 December 2022, and on 25 March 2024 the Fund achieved the new milestone of NZD$254.2million. This represents over $18million in growth in the first few months of 2024.
CEO Damien Beddoes acknowledged the achievement of another milestone for the Fund, and at the same time recommended that Members reviewing the current high returns should consider the long-term nature of the investments and not look to time the markets for immediate gains.
The CINSF offers 3 investment options ranging in different risk exposures to achieve potentially higher returns. The average net return for each investment option since their inception is:
Growth 6.6 %
Balanced 5.8 %
Conservative 5.0 %
The 3 Investment options are invested under a reference portfolio which is designed to obtain market returns at the lowest possible cost. The CINSF Investment Team are using global Exchange Traded Funds (ETFs) provided by Vanguard and Black Rock to achieve this with significant investment fee savings to members.
Members considering changing their investment option are welcome to contact the CINSF office.
