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NZX operates the New Zealand capital markets, agricultural commodities and NZ energy markets. It provides the trading mechanisms and infrastructure, develops products and provides the data and information that drive trading activity. In January 2015 NZX acquired 100% of Superlife, a provider of superannuation products with NZ$1.2bn under management, for a total payment of up to NZ$35m. This acquisition will help NZX grow its passive funds management business and help it develop its portfolio of exchange-traded funds (ETFs).
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