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A diversified fund that primarily invests in international equities, with an allocation to Australasian equities and property.
Risk Indicator (volatility)
Target Asset Allocation
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.
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.
| One month | Three months | One year | Three years (p.a) | Five years (p.a) | |
|---|---|---|---|---|---|
| Fund performance1 | 1.36% | 5.75% | |||
| Appropriate Market Index (AMI)2 | 2.63% | 8.90% |
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.
| Security Name | Percentage |
|---|---|
| JPM Global Select Equity X Acc USD | 20.67% |
| Life Cycle Concentrated Global Share Fund Class Z | 18.70% |
| Cash and cash equivalents | 3.12% |
| Infratil Limited | 2.56% |
| Contact Energy Limited | 1.81% |
| Fisher & Paykel Healthcare | 1.76% |
| Spark New Zealand Ltd | 1.67% |
| Kiwi Property Group Limited | 1.59% |
| Summerset Group Holdings Ltd | 1.56% |
| Meridian Energy Ltd NPV | 1.54% |
Commentary
As of 31 October 2025
Market Overview
Fund Highlights