The ANZ website contains the following tabs:
ANZ Managed Investment Funds - Investments & advice
ANZ Managed Investment Funds
ANZ Managed Investment Funds are professionally managed Unit Trusts that spread your investment across a wide range of assets.
With five funds to choose from, ANZ Managed Investment Funds are designed to offer an investment choice to suit the needs of investors with different attitudes to risk.
Once you’ve selected the fund that best suits your needs, your money will be pooled with other investors and spread across a range of income (cash and fixed interest), growth assets (shares, property and other assets). Because these funds invest across a range of assets, you have the potential to achieve higher returns than standard savings or deposit accounts over the long term.
Contributions start from as little as $25 per fortnight or you can make an initial investment of $1,000 (which can be split between funds with a minimum of $500 per fund). Additional lump sum investments of $500 per fund can also be made.
ANZ Managed Investment Funds are managed by one of New Zealand’s leading fund managers, ING (NZ) Limited.
Special features
- Investment is diversified across shares, listed property, fixed interest investments, cash and other assets in varying levels.
- ANZ Managed Investment Funds are Portfolio Investment Entities (PIEs), which means that tax on your investments will be capped at 30%*.
Value of investment
- All funds are generally valued daily on each business day.
- Unit prices are available online.
Contribution options
Lump sum contributions
- Minimum initial lump sum investment of $1,000.
- Minimum additional investment or redemption of $500 per fund.
Regular contributions
- Minimum regular contribution of $25 fortnightly, $50 monthly, $150 quarterly, $300 six monthly or $600 annually.
* The taxation treatment of Portfolio Investment Entities is covered in the relevant Investment Statement.
With ANZ Managed Investment Funds, you have a choice of five different funds to invest in. Each fund invests in a different mix of assets and has different levels of potential return.
A description of each fund and its benchmark allocation to each asset class is set out below. The benchmark is each fund’s long-term target allocation to each asset class.
Conservative Fund
This fund invests principally in cash and fixed interest investments, with a lesser exposure to growth assets such as shares and listed property, and may also invest in other assets.
The underlying asset allocations will vary from the benchmarks due to both market movements and the Manager varying the allocations away from each benchmark at times with the aim of managing risk or increasing potential returns.
Conservative Balanced Fund
This fund invests principally in cash and fixed interest investments, with a moderate exposure to growth assets such as shares and listed property, and may also invest in other assets.
The underlying asset allocations will vary from the benchmarks due to both market movements and the Manager varying the allocations away from each benchmark at times with the aim of managing risk or increasing potential returns.
Balanced Fund
This fund invests in a blend of shares, listed property, fixed interest investments and cash, and may also invest in other assets.
The underlying asset allocations will vary from the benchmarks due to both market movements and the Manager varying the allocations away from each benchmark at times with the aim of managing risk or increasing potential returns.
Balanced Growth Fund
This fund invests principally in growth assets such as shares and listed property with a moderate exposure to cash and fixed interest Investments, and may also invest in other assets.
The underlying asset allocations will vary from the benchmarks due to both market movements and the Manager varying the allocations away from each benchmark at times with the aim of managing risk or increasing potential returns.
Growth Fund
This fund invests principally in growth assets such as shares and listed property, with a lesser exposure to cash and fixed interest investments, and may also invest in other assets.
The underlying asset allocations will vary from the benchmarks due to both market movements and the Manager varying the allocations away from each benchmark at times with the aim of managing risk or increasing potential returns.
All ANZ Managed Investment Funds charge fees to cover the costs of managing and administering your investment. These fees are outlined below and include:
Management fee
The Manager charges a management fee for investment management and other functions. This fee is set out in the table below and is calculated on the gross asset value of each fund on each valuation day and paid monthly in arrears.
| Fund | Management Fee |
|---|---|
| Conservative Fund | 1.05% p.a. |
| Conservative Balanced Fund | 1.10% p.a. |
| Balanced Fund | 1.15% p.a. |
| Balanced Growth Fund | 1.20% p.a. |
| Growth Fund | 1.25% p.a. |
Trustee fee
The current Trustee Fee is 0.047% p.a. and is calculated on the gross asset value of each fund on each valuation day and paid quarterly in arrears.
Expenses
The Manager and Trustee may charge other fees and expenses from time to time such as audit, registry, legal and postage fees to the funds. By investing in ANZ Managed Investment Funds you accept and authorise these deductions.
Entry fee
There is currently no entry fee charged.
Exit/switching fees
There is currently no exit or switching fee for the funds.
Payment of these fees: The Management Fee, Trustee Fee and expenses are met by way of deduction from investment income and assets, and are reflected in the unit prices of the relevant funds. Where any fee or expense incurred by a fund is subject to GST, that GST will be charged and will also be an expense of that fund. GST is currently charged on 10% of the management fee and 75% of the Trustee fee. GST will not be charged on switching fees (if any) but will be added to other fees or charges if applicable.
For further information on how and when these fees are charged, and the expenses payable, please see the ANZ Managed Investment Funds Investment Statement (PDF 308kB). Terms defined and references construed in this web page have the same meaning and construction set out in the current Investment Statement.
ING (NZ) Limited may alter the fees set out above and introduce new fees from time to time.
How to apply
For more information or to make an application for the ANZ Managed Investment Fund:
Call 0800 ANZ ADVICE (0800 269 238)
This information is intended to get you thinking about your investment goals. It is not intended as investment advice tailored to your personal financial circumstances. Before making investment decisions, you should consider your individual circumstances and seek assistance from other resources.
Access the current ANZ Managed Investment Funds Investment Statement (PDF 308kB) or request a copy from your Wealth Direct Adviser.
A copy of the Bank's General Disclosure Statement, and the Bank's Disclosure Statement and your Wealth Direct Adviser’s Disclosure Statement prepared under the Securities Markets Act 1988 is available from your Wealth Direct Adviser, free of charge.
ING (NZ) Limited is the Issuer and Manager. The New Zealand Guardian Trust Company Limited is the Trustee and ANZ National Bank Limited is the Distributor of the ANZ Managed Investment Funds (the “Funds”). An investment in the Funds is subject to investment risk, including possible delays in repayment and loss of income and principal invested. None of ING (NZ) Holdings Limited, ANZ National Bank Limited, Australia and New Zealand Banking Group Limited, The New Zealand Guardian Trust Company Limited, any member of their respective groups of companies or any other person guarantees, either partially or fully, ING (NZ) Limited or the capital value or performance of any products issued or managed by it, including the Funds. Units in the Funds do not represent deposits or liabilities of ANZ National Bank Limited. ING (NZ) Limited is wholly owned by ANZ National Bank Limited and has a licence from ING Corporate Services Pty Limited enabling it and related companies to use the ING brand and certain trademarks owned by ING Group or its subsidiaries while transitioning to a new brand, which is expected to be by the end of 2010.
You need Adobe Reader to view PDF files. You can download Adobe Reader free of charge.
© Copyright ANZ, part of ANZ National Bank Limited, 1997-2010