New Zealand Super is a fund to pay for the future cost of universal superannuation. It is a pool of assets worth NZ$38.4 billion ($25.7 billion). The government will begin to draw money from the fund to pay for New Zealand Superannuation in about 2035-36, facilitating long-term, growth-oriented global investment.
Since inception, NZ Super has generated NZ$22 billion more than the Treasury bill return and NZ$7 billion more than its reference portfolio. At June 30, 2017, the actual portfolio was invested in developed markets equity (55 per cent), fixed income (11 per cent), emerging markets equity (11 per cent), timber (6 per cent), private equity (6 per cent), New Zealand equity (4 per cent), infrastructure (3 per cent), and other private markets (3 per cent), with the remainder made up of other public markets and rural farmland.