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New Zealand’s Labour Party launched the Future Fund, a sovereign wealth fund using government assets to boost long-term economic growth.
Labour has announced the Future Fund, a new sovereign wealth fund aimed at boosting New Zealand’s economy ahead of the next general election.
The fund will be seeded with government capital and select Crown assets, including potentially major entities like Transpower and Air New Zealand, and will focus on investing in infrastructure and innovative businesses to drive long-term growth.
Managed independently by the Guardians of the New Zealand Super Fund, it will generate returns through dividends and reinvestment, with strict protections against asset sales without ministerial approval.
The initiative seeks to create well-paid jobs, retain talent, and stimulate domestic investment while avoiding reliance on taxes.
Details on specific assets and governance remain limited, but Labour emphasizes transparency, accountability, and collaboration with communities, iwi, and businesses.
El Partido Laborista de Nueva Zelanda lanzó el Fondo del Futuro, un fondo soberano de riqueza que utiliza los activos del gobierno para impulsar el crecimiento económico a largo plazo.