We have three endowments; the core investment advantages that set us apart from other investors. These advantages are core features of the Fund that are derived from how we were established and which help guide us in our investing decisions. 

Our three core investment advantages are:

1. Long term horizon: The Fund’s intergenerational purpose and transparency of government withdrawals, allows us to confidently invest and allocate risk over the longer term.  
2. Operational independence: The Guardians’ clear mandate, strong governance and independence from Government supports greater autonomy, efficiency, and commerciality in the execution of our mandate.  
3. Sovereign status: The Guardians’ sovereign status affords us both credibility and a regulatory advantage that is regarded favourably by investment partners. 

In combination, these advantages, which stem from the way the Fund has been set up, optimise the Guardians' ability to generate superior investment returns for the Fund.

Due to the long-term growth-oriented risk-return profile of the Fund, the Guardians are confident of adding many billions of dollars (in present day terms) to Government (and national) savings over coming decades. These are investment returns over and above the alternative Government saving option of reducing Government debt.

This expectation is based on economic logic, long-term historical investment performances, and our modelling of likely future outcomes.