Commentary

As of 28 February 2026

Market Overview

  • Global equity markets had mixed outcomes over the month as company earnings results, economic data, central bank moves, and geopolitical tensions all played a part.
  • The United States S&P 500 index declined 0.9%, the UK FTSE 100 index increased 6.7%, the Japanese Nikkei 225 lifted 10.4%, the Australian ASX 200 index gained 4.1%, and the MSCI World index ended the month up 1.4%.
  • The S&P/NZX 50 index gained 2.3%.
Fund Highlights
  • The fund ended the month up 1.7%, and behind the index return.
  • It was a busy period for news flow as companies reported their earnings results for the period ending December 2025.
  • Fisher & Paykel Healthcare announced an earnings guidance upgrade.
  • Contact Energy and Genesis Energy both announced equity raisings to fund pipelines of new electricity generation. Contact raising $525 million while Genesis $400 million.
  • Overweight position Scales and underweight positions Fletcher Building, Precinct Properties (nil holding) added value. Overweight positions in Ryman Healthcare, Summerset, and Worley detracted from value.

Performance

GoalsGetter Amova SRI Equity Fund
Open Close

Performance

at 28 February 2026
One month Three months One year Three years (p.a) Five years (p.a)
Fund performance1 1.60% -0.06% 6.87% 5.16% 3.48%
Appropriate Market Index (AMI)2 2.27% 1.85% 9.68% 5.73% 3.13%
  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.

    The Amova KiwiSaver Scheme SRI Equity Fund transitioned from core strategy to SRI strategy in February 2022.

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.  

5 year cumulative performance $10,000 invested

GoalsGetter KiwiSaver Scheme

Top 10 Holdings

Security Name Percentage
Fisher & Paykel Healthcare 15.30%
Infratil Limited 10.04%
Auckland International Airport Ltd 9.64%
Meridian Energy Ltd NPV 6.44%
Contact Energy Limited 6.28%
The A2 Milk Company Limited 5.69%
EBOS Group Limited 4.67%
Mainfreight Limited 4.43%
Spark New Zealand Ltd 4.24%
Summerset Group Holdings Ltd 4.10%