Our Managed Funds 

Amova SRI Equity Fund

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About the fund

This fund invests in a broad selection of NZ listed companies with potential for growth of income and capital, and may also invest in some Australian shares if the portfolio managers see opportunities, as part of an actively managed portfolio. 

This fund provides a combination of specific exclusions and Environmental Social and Governance (ESG) integration, which considers the sustainability of companies. 

The fund deliberately avoids investing in certain companies, industries, and sectors and aims to align social and personal values while still providing competitive returns.

Managed by a dedicated, institutional calibre SRI portfolio manager, the GoalsGetter Amova SRI Equity Fund comprises 30-35 New Zealand and Australian companies. 

Find our more about our approach to Responsible Investing

Risk Indicator (volatility)

Lower riskHigher risk
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5 High
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Learn more

Target Asset Allocation

Growth 100.00%

Risk Indicator (volatility) Scale

This number indicates the relative 'risk' level of this fund based on the types of assets it is invested in, ranging from level 1 (least risky) to 7 (most risky).

Risk category Description of volatility
1 Very low
2 Low
3 Medium
4 Medium to High
5 High
6 Very high
7 Extremely high

The risk indicators are calculated using returns of the funds, the returns of the fund’s market index or a combination of both, for the previous five years. Index returns or a mix are used if the fund has existed for less than five years. All Managers are required to use the same methodology so you can compare the risk of different funds if you are researching more than one manager.

Find out more about the Amova SRI Equity Fund from Michael De Cesare

Michael is a Portfolio Manager here at Amova. In this video, Michael talks about the difference between ESG and SRI and outlines what the SRI Equity Fund is trying to achieve. Michael also outlines what the Fund's portfolio consists of and describes why you should consider this fund for your next investment.

Commentary

As of 30 June 2026

Market Overview

  • Global equities had a strong quarter with all key markets posting positive returns - helped by a strong reporting season. This was despite ongoing tensions in the Middle East, albeit by the end of the quarter a fragile ceasefire was in place.
  • The United States S&P 500 index rose 14.9%, the UK FTSE 100 index increased 3.2%, the Japanese Nikkei 225 gained 37.2%, the Australian ASX 200 index added 4.1% and the MSCI World index ended the quarter up 14.3%.
  • The S&P/NZX 50 index ended the quarter up 5.6%.

Fund Highlights

  • The fund ended the quarter up 6.4%, 0.8% ahead of the index return.
  • Infratil was in the headlines during the quarter, with its data centre business, CDC, announcing a very large new contract. Infratil also sold down a portion of its Contact Energy holding, raising approximately $495 million.
  • NextDC conducted a $1.5b capital raise to fund the continued development of its data centre portfolio.
  • Mercury and Genesis Energy upgraded earnings guidance while A2 Milk and EBOS downgraded.
  • A number of companies reported their earnings results for the period ended March during the quarter.
  • Overweights Infratil, NextDC, and Vista added value. Overweights Resmed, Spark, and underweight Mercury detracted from value.

Performance

Amova SRI Equity Fund
Open Close

Performance

at 30 June 2026
One month Three months One year Three years (p.a) Five years (p.a)
Fund performance1 2.17 5.83 6.35 4.21 0.00
Appropriate Market Index (AMI)2 2.92 5.58 8.83 5.35 0.00
  1. Returns are before tax and after the deduction of fees and expenses and including tax credits (if any).
  2. AMI: S&P/NZX 50 Index Gross with Imputation Credits.

AMI (appropriate market index) is a theoretical portfolio with similar underlying assets as the fund. This allows investors to see a comparison of how the value of those assets have changed in the market relative to the fund.  

Cumulative Returns Since Inception, $10,000 invested

Top 10 Holdings

Security Name Percentage
Fisher & Paykel Healthcare 16.54%
Infratil Limited 14.30%
Auckland International Airport Ltd 9.33%
Contact Energy Limited 7.87%
Meridian Energy Ltd NPV 6.59%
Mainfreight Limited 5.07%
The A2 Milk Company Limited 4.44%
EBOS Group Limited 4.00%
Spark New Zealand Ltd 3.80%
Freightways Limited 3.02%