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

Amova logo 1000x500

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 May 2026

Market Overview

  • Following a very strong April, global equity markets remained constructive in May on anticipation an enduring peace deal in the Middle East would eventually be made.
  • Oil prices fell sharply to well below U$100 per barrel and a number of regional or national equity markets reached new all-time highs.
  • The MSCI ACWI (NZD Hedged) was up 5.1% for the month, and is up over 28% on a rolling 1-year basis.
  • Global bonds delivered a solid return (+0.5% hedged to NZD) with credit spreads tightening on optimism of an end to the Middle East conflict.
  • NZ bonds comfortably outperformed global with a 1.3% return.

Fund Highlights

  • Returns for the High Growth Fund were strong over May, but underperformed the benchmark.
  • The Global Equity Fund did not keep pace with the market which was dominated by a sharp rebound in selected technology and AI-adjacent hardware names.
  • In local equities Infratil (+26.4% for the month) and Vista Group (+37.8%) were the standout performers.
  • In Australasian property, Goodman Group continued its recent strong momentum, rising 7% following its quarterly update.

 

 

Performance

GoalsGetter Amova High Growth Fund
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Performance

at 31 May 2026
One month Three months One year Three years (p.a) Five years (p.a)
Fund performance1 2.63 1.81 0.00 0.00 0.00
Appropriate Market Index (AMI)2 3.68 4.05 0.00 0.00 0.00
  1. Returns are before tax and after the deduction of fees and expenses and including tax credits (if any).
  2. AMI: Composite - refer to the GoalsGetter KiwiSaver Scheme SIPO

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
Life Cycle Concentrated Global Share Fund Class Z 20.44%
Cash and cash equivalents 3.74%
Infratil Limited 3.04%
Nvidia Corp 2.82%
Amazon Com Inc 2.43%
Microsoft Corp 2.13%
Fisher & Paykel Healthcare 1.87%
Contact Energy Limited 1.86%
Meridian Energy Ltd NPV 1.70%
Kiwi Property Group Limited 1.48%