Our KiwiSaver Scheme Funds

GoalsGetter Amova High Growth Fund 

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About the fund

A diversified fund that primarily invests in international equities, with an allocation to Australasian equities and property.

Risk Indicator (volatility)

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Target Asset Allocation

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.

Summary of Amova

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Amova Asset Management New Zealand Limited, established in 1994, manages funds for a wide range of clients including charities, corporations, local governments, and individual investors. As a New Zealand-based investment manager, it benefits from the global expertise of its parent company, Amova Asset Management, one of Asia’s largest asset managers. Led by Stuart Williams since 2023, Amova NZ actively manages New Zealand equity and fixed income assets, partnering with Goldman Sachs, NAM Europe, and ARK for global investments. Believing in active management, they seek to uncover market opportunities.

 

About the Fund Manager
 
                                                         
 
                
         

Commentary

                   

As of 31 October 2025

                 
       
         
           
             

Market Overview

  • Corporate earnings season was a positive driver of market sentiment over October, with US companies again the standout.
  • A number of regional or national equity markets made new all-time highs on the back of another solid quarterly earnings season and more rate cuts from the US Federal Reserve and other central banks.
  • Japanese equities delivered the strongest return due in part to the unexpected victory of Sanae Takaichi in the Liberal Democratic Party leadership election early in the month.
           
         
         
           
             

Fund Highlights

  • Returns for the High Growth Fund were strong in October, with all of the underlying strategies posting solid absolute returns.
  • The ‘growth asset classes’ (equities and listed property) posted strong returns around the 1-2% range over the month, with the weaker NZ Dollar versus the US helping unhedged global equities top the monthly performance rankings.
  • In local equities Sky TV and Summerset were stand-out performers.
           
         
       
           

 

Performance

GoalsGetter Amova High Growth Fund
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