ANZ Managed Investment Funds

ANZ Managed Investment Funds offer a range of professionally managed investment funds that spread your investment across a wide range of assets such as shares, listed property, fixed interest and cash.

A registered prospectus has been registered with the Registrar of Financial Service Providers. Read the registered prospectus (PDF 2.03MB).

 

With five funds to choose from, ANZ Managed Investment Funds are designed to offer an investment choice to suit the needs of investors with differing attitudes to risk.

The Funds are Unit Trusts, which means your money will be pooled with other investors. Pooling of money with other investors gives you access to investment opportunities which you may not have the opportunity to invest in directly.

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 OnePath (NZ) Limited, one of the largest Fund Managers in New Zealand*.

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 you pay tax on your investment at your prescribed investor rate (PIR)**.


Value of investment

  • All funds are generally valued daily on each normal 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.

* FundSource Industry Trends & Market Composition Report, March 2011.

** The taxation treatment of Portfolio Investment Entities is covered in the ANZ Managed Investment Funds Investment Statement. 

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. Any fees and expenses charged by these managed funds will affect returns to the funds’ investors.

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 available from ANZ Wealth Direct by calling 0800 269 238. Terms defined and references construed in this web page have the same meaning and construction set out in the current Investment Statement.
OnePath (NZ) Limited may alter the fees set out above and introduce new fees from time to time.

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 risk and 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.

The actual asset allocations will vary from the benchmarks due to market movements or the Manager varying the allocations away from each benchmark at times with the aim of managing risk, increasing potential returns or managing cashflow requirements. Changes from each benchmark allocation may potentially be significant in certain market conditions but are restricted by ranges above and below each benchmark. The benchmark and the ranges may vary from time to time as agreed between the Trustee and the Manager. The benchmarks and ranges of each of the Funds can be found here: Benchmarks and Ranges (PDF, 71kB).

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. 

Conservative fund graph

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. 

Conservative balanced fund

Balanced Fund

This fund invests principally in shares and fixed interest, with a lesser exposure to listed property and cash. 

Balanced fund graph

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.

Balanced growth fund graph

Growth Fund

The Growth Fund invests principally in growth assets such as shares and listed property, with a lesser exposure to cash and fixed interest investments. 

Growth fund graph

The above diagrams are for illustrative purposes only.

The funds generally invest, within the benchmark ranges above, by investing in other funds.  However, the funds may also invest directly in the asset classes shown above.

The actual asset allocations will vary from the benchmarks due to market movements or the Manager varying the allocations away from each benchmark at times with the aim of managing risk, increasing potential returns or managing cashflow requirements.

Generic references to cash may include short-term debt securities, term deposits and floating rate notes. Additional cash may be held within the underlying investment products for managing risk, to seek to increase potential returns or to manage cashflow requirements.

In addition to the asset classes described for each of the multi-sector funds above, the funds may also invest in alternative assets, for example, investments in commodities, absolute return and private equity investment funds. Full details of asset allocations.


See the ANZ Managed Investment Funds Investment Statement for full details. Available from Wealth Direct by calling 0800 269 238.

How to apply

For more information or to make an application for the ANZ Managed Investment Funds:

Telephone icon
Call Wealth Direct on 0800 269 238

This webpage is for information purposes only.  Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. If you wish to consult one of ANZ Wealth Direct’s financial advisers, please contact us on 0800 269 238.

The New Zealand Guardian Trust Company Limited (“NZGT”) is the Trustee, OnePath (NZ) Limited (“OnePath”) is the Issuer and Manager and ANZ National Bank Limited (“ANZNB”) is the Distributor of the ANZ Managed Investment Funds (the “Funds”). Units or interests in these Funds do not represent deposits or liabilities of ANZNB. Units are subject to investment risk, including possible delays in repayment and loss of income and principal invested. 

No entity* guarantees (either partially or fully) the capital value or performance of any products issued or managed by OnePath, including the Funds.

* Please note, this includes OnePath, ANZNB, Australia and New Zealand Banking Group Limited (“ANZ Group”), NZGT, their respective directors, any member of their respective groups of companies and any other person.

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