Updated Investment Strategy and Reserves Policy
The New Zealand Meat Board consulted on proposed changes to its investment strategy and Reserves Policy and completed consultation in April 2018.
As a result of the proposed changes and subsequent consultation, NZMB’s investment strategy will be moving from the current “conservative” approach which saw funds invested all in fixed interest, to a “balanced” approach of 50% fixed interest and 50% equities. NZMB’s reserves will also be protected from inflation as part of the new Reserves Policy.
The new investment strategy should allow NZMB to achieve improved returns on the funds for only a little more risk and see reserves grow into the future while also providing for enhanced industry good funding in the medium term.
Of the more than 760 submissions received 92% supported inflation proofing reserves, 90% supported moving to a balanced portfolio from an all cash conservative fund, and 87% supported the Reserves Policy.
The Board is now working with Investment Advisor Cambridge Partners to select a fund manager.
See below for NZMB’s Statement of Investment Policies and Objectives and Reserves Policy.