ANZ Balanced Growth Fund posts good returns

Balanced

it: OnePath New TWO million New Zealanders are now in KiwiSaver. As part of the ongoing effort to build awareness about how your retirement savings is invested, The Dominion Post Your Money will be profiling a KiwiSaver scheme each week. Provider: ANZ Scheme: KiwiSaver Growth Fund

Who runs Zealand

Overview: ANZ’s Balanced Growth Fund is similar to other

KIWISAVER SPOTLIGHT

schemes with a moderately aggressive investment strategy in that it seeks to chase higher earnings in equity markets, but with the security of bonds, cash and property to even out any surprise shocks.

The fund is more conservative than its peers, with almost a third of its assets invested in Australasian and international bonds and cash, versus a sector average of about 17 per cent.

It holds double the property assets of other balanced growth funds, at 10 per cent.

The remaining assets are invested in equities, with a preference for holding international shares over Australian assets.

ANZ subsidiary OnePath manages the funds using a multimanager model, so it has out- sourced most of the investment activities to external asset class specialists.

In some cases this can result in higher base fees. Fund size: $101.99 August 31, 2012 Total return over 1 year*: 11.81 per cent versus a sector average of 10.7 per cent Total return over 3 years*: 8.18 per cent versus a sector average of 5.96 per cent. Unit price: $1.1171

million

as

at Fees: 1.16 per cent per annum (made up of a 0.95 per cent management fee, 0.04 per cent trustee fee, 0.12 per cent fund expense fee, and 0.05 per cent underlying expense fees) * After fees but before tax

KiwiSaver spotlight was written by Jason Krupp using information from FundSource, and the information is considered general in nature. Please consult a professional adviser before any investment decisions.