Our KiwiSaver Scheme Funds

GoalsGetter Amova High Growth Fund 

Join Now Projection Calculator

About the fund

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

Risk Indicator (volatility)

Lower riskHigher risk
1
2
3
4
5 High
6
7
Potentially
lower returnsPotentially
higher returns
Learn more

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 July 2026

Market Overview

  • Following a very strong second quarter, global equity markets took a pause over July as the USA-Iran peace deal unravelled mid-month and the conflict re-escalated.
  • Oil finished the month around U$90 pushing bond yields higher as the market factored in stronger inflation and increased likelihood Central Banks would respond with tighter monetary policy.
  • Energy and Financials were the strongest sectors within global equity markets which meant ‘value’ stocks outperformed ‘growth’ stocks by a significant margin.
  • Both global bonds and NZ bonds fell by -1.1% over the month.

Fund Highlights

  • Returns for the High Growth Fund were negative (-1.1%) over July, but ahead of the benchmark.
  • The Global Equity Fund outperformed over July due to strong stock selection across Information Technology, Healthcare, Energy, Financials and Consumer sectors.
  • The long duration positioning of the local bond funds detracted from returns in July.
  • In local equities Mainfreight, Sky City Entertainment and Spark all posted strong returns.

 

Performance

GoalsGetter Amova High Growth Fund
Open Close

Performance

at 31 July 2026
One month Three months One year Three years (p.a) Five years (p.a)
Fund performance1 -1.10 3.59 6.25 0.00 0.00
Appropriate Market Index (AMI)2 -1.14 4.82 16.16 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 20.64%
Cash and cash equivalents 4.10%
Infratil Limited 2.92%
Nvidia Corp 2.77%
Amazon Com Inc 2.35%
Microsoft Corp 2.09%
Fisher & Paykel Healthcare 2.01%
Contact Energy Limited 1.92%
Meridian Energy Ltd NPV 1.67%
Spark New Zealand Ltd 1.48%