The NZD Growth Fund is a New Zealand Dollar denominated fund employing an active asset allocation strategy and a passive investment management strategy invested 20% in income assets (New Zealand and international fixed interest), with 80% exposure to growth assets (Australasian and international equities).

 

Investment Objectives

The fund seeks to track composite indices (before annual fund charge and tax), comprising 8% Bloomberg NZ Bond Govt 0+ Yr Index, 8% Bloomberg Barclays Global Aggregate Corporate Index, 30% S&P/NZX 50 Gross Index (including imputation credits) and 54% MSCI World Ex Australia Custom ESG Leaders Index


Investment Managers

The table below sets out the target asset allocation and underlying investment managers for the Fund.

For more information you can access the Funds Statement of Investment Objectives and Policy (SIPO).

Asset Class

Investment Manager

 Product Name Benchmark Asset Allocation 1
New Zealand fixed interest

Simplicity NZ Limited

 Simplicity NZ Bond Fund  8%

International fixed interest

BlackRock Asset Management Limited

iShares Core Global Bond UCITS ETF

 8%

Australasian equities

 Simplicity NZ Limited Simplicity NZ Share Fund 15%

Australasian equities

 Harbour Asset Management Limited Harbour NZ Index Shares Fund 15%

International equities

 BlackRock Asset Management Limited Blackrock iShares Core MSCI World ex Australia ESG Leaders ETF 54%
Total assets 100%

 

1 The Benchmark Asset Allocation, Maximum and Operating ranges are set out in the SIPO.

 

Fund Performance

Please find below the latest performance figures for the NZD Growth Fund as at 30 November 2021.  The returns are after and fees and taxes:

 

PIR Tax Rate

Month

Quarter

6-months

12-months

Inception

28%

-2.18%

-3.63%

2.17%

-3.02%

9.24%

0%

-2.16%

-3.84%

1.93%

-3.56%

9.19%

* NZD Growth Fund was established on 24 December 2018

* Returns for periods longer than one year are annualised 

The chart below illustrates the performance of $100,000 invested in the NZD Growth Fund from inception on 24 December 2018 to 30 November 2021. The chart shows cumulative investment performance after fees, and tax (at 28%):