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Benzinga
Benzinga
Business
Surbhi Jain

$44 Billion Super Fund Goes 'Short The US And Long European Equities'

New Zealand Super Fundtered,On,A,Concrete,Surface,,Showcasing,Vivid

New Zealand's $44 billion Super Fund, the world's best-performing sovereign wealth investor, is taking a bold stance against Wall Street. Its investment chiefs say American equities are too pricey and are poised for a come-down, while European stocks are trading at a relative bargain, making Europe the fund's biggest overweight bet.

Track European equity tracking VGK here.

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