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Download NZMB Statement of Investment Policies and Objectives ('SIPO') (Amended September 2020) at the link below. The SIPO is to be reviewed at no more than three yearly intervals.

The New Zealand Meat Board completed consultation on proposed changes to its investment strategy and Reserves Policy in April 2018 and the Board’s investment strategy is moving from a “conservative” approach – whereby all funds were in fixed-interest investments – to a “balanced” approach, of 50% fixed interest and 50% equities. This transition was completed in April 2020.

The Board approved small amendments in 2020 to increase the lower and upper limits of the portfolio invested in cash assets to1 and 3% of the portfolio.

A reserve buffer fund has also been established. On an annual basis, following the end of the NZMB financial year, the annual return and accumulated value of the Investment Fund should be tested against portfolio objectives and, if considered appropriate, a portion of the unrealised capital gains may be crystallised and allocated to the Reserves Buffer managed by the Investment Manager.