KEY UPS NZ SUPER FUND INVESTMENT TO 40%

Stuff has this from Key - seems like a good idea but needs to be watched carefully so that it doesnt go into propping up crap companies just for the hell of it .

We especially like this bit

Mr Key said National would work to create more investment opportunities for the fund in New Zealand.

"We must ensure we emerge from the international credit crunch without severe damage to our economy, and that we have in place policies that will put this country onto a serious growth path at a time when the economies of our trading partners will still be subdued.

"The reality is that the underlying issues facing the New Zealand economy remain unchanged."