Focus on income for members

 Nambawan Super Ltd (NSL) is focused on generating more income for its members’ benefit, chief executive officer Garry Tunstall says.

He said NSL had been working to build on earned income through its strategic assets to achieve that.

“We’ve changed over the last 12 months to generate more earned income rather than unearned income,” Tunstall told the NSL employer conference last Friday.

“That’s one of the things we’ve done which has been of great benefit to the fund. We are the largest fund and we do have K4.7 billion in assets. 

“Our strategic asset allocation has a mix of investments in stock markets global unlisted investments, listed investments here, investments in property.

“We’ve rearranged that a little bit so that we actually generate more earned income than unearned income. 

“Unearned income is increases in valuations on property, increases in valuations on unlisted and listed investments. We’re trying to do is generate more real income from property records, from commonwealth bonds, government bonds.”

Chief investment officer Dr Steven Nash said the strategic asset allocation remained the most important decision in terms of risk and return for the fund because of its dominance over both.