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ANZ KiwiSaver Scheme Growth Fund

Fund report as at 30 September 2019

How has the fund performed?

Performance as at 30 September 2019


Funds
3 months 1 year 3 years (pa) 5 years (pa) Since launch
3.47% 7.83% 10.16% 9.84% 7.27%

 

Performance is after the annual fund charge, and before tax and membership fees (if applicable). For more information, see legal information and disclaimers.

What happened this quarter (3 months to 30 September 2019)

  • It was a volatile third quarter for international share markets. After a sharp sell-off in August, share markets recovered in September, with most indices managing to end the quarter higher.
  • In the US, the S&P 500 rose 1.2% over the quarter and the Nasdaq gained 1%, while in Europe the Euro Stoxx rose 2.8% and the FTSE fell 0.2%. Asian stocks underperformed with the pro-democracy protests in Hong Kong and the US-China trade war weighing on sentiment.
  • Bond markets rose in value over the quarter as central banks began to cut interest rates amid growing concerns around global growth and rising international trade concerns.
  • In the US, the Federal Reserve cut interest rates for the first time since 2008. Despite the Fed saying it was not the beginning of a “lengthy cutting cycle”, it followed up with another rate cut in September. And in New Zealand, the Reserve Bank cut the Official Cash Rate to a new all-time low of 1%, citing slowing demand for local goods and services and rising global trade concerns.
  • Against this backdrop of falling interest rates, our domestic and international fixed interest funds had a strong month.
  • We are marginally overweight in international equities. While the trade talks between the US and China have yielded little progress, the move by central banks towards a more accommodative stance has offset some of the concerns. Nevertheless, there are risks to the global economic outlook.

Need more information?

Read our Market Review for more information on investment markets

How the fund has performed against its objective

The fund aims to achieve a positive yearly return (after the fund charge and before tax) that over the long term is 4.8% over inflation (allowing for a negative return 4.9 years in every 20).

The graph below shows the value of a $1,000 investment made at the time the fund launched. The blue line represents the actual value of the investment while the aqua line shows the level (fund objective) the fund aims to beat over the long term. When the blue line is higher than the aqua line, the performance is better than target.

Graph showing the value of a $1,000.00 investment made at the time the fund launched.

Performance is after the annual fund charge and before tax and membership fees (if applicable). For more information, see Legal information and disclaimers.

What does the fund invest in?

The fund invests mainly in growth assets (equities, listed property and listed infrastructure), with a smaller exposure to income assets (cash and cash equivalents and fixed interest). The fund may also invest in alternative assets.

This chart shows the mix of assets that the fund generally intends to invest in.


See the fund's actual investment mix on page 3 of the Fund update.

See the fund's full portfolio holdings.

For further information, please see the relevant guide and product disclosure statement:

The guide and product disclosure statements are available by calling 0800 736 034. The ANZ KiwiSaver Scheme guide and product disclosure statement are also available from any ANZ branch.

Issuer and manager: ANZ New Zealand Investments Limited (‘ANZ Investments’) is the issuer and manager of the ANZ KiwiSaver Scheme and the ANZ Default KiwiSaver Scheme.

Investments are not deposits in ANZ Group: Investments in the ANZ KiwiSaver Scheme or the ANZ Default KiwiSaver Scheme are not deposits in ANZ Bank New Zealand Limited,  Australia and New Zealand Banking Group Limited, or their subsidiaries (together 'ANZ Group'), nor are they liabilities of ANZ Group. ANZ Group does not stand behind or guarantee ANZ Investments. Investments are subject to investment risk, including possible delays in repayment, and loss of income and principal invested. ANZ Group will not be liable to you for the capital value or performance of your investment.

No guarantee: Investments in the ANZ KiwiSaver Scheme and ANZ Default KiwiSaver Scheme are not guaranteed by ANZ Group, any of its directors, or any other person.

For information only: This website has been provided for information purposes only and is subject to change. The content of this website is intended to be of a general nature and does not take into account an investor’s, or potential investor’s, financial situation, investment objectives, or risk tolerance.

Not investment advice: This website is not intended to constitute, does not constitute, and should not be construed as constituting, investment advice nor is it a substitute for commercial judgment or other professional advice. Investors, or potential investors, should: (i) conduct independent due diligence on any investments; and (ii) obtain independent investment and professional advice, including tax advice, prior to acting in reliance on this website.

For specific investors only: This website is intended for investors who understand the investment risks referred to on it. Some, or all, of the investments mentioned on this website may not be suitable for certain investors. Investors, or potential investors, should consider whether: (i) an investment is appropriate for their risk profile; and (ii) they will meet the suitability requirements relating to those types of investments.

Speak to a financial adviser: This website 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 a financial adviser, please call us on 0800 269 238 and we will provide you with the contact details for a financial adviser in your area. A financial adviser will, on request and free of charge, provide you with his or her disclosure statement prepared under the Financial Advisers Act 2008.

Past performance: Past performance does not indicate future performance. The actual performance any given investor realises will depend on many things, is not guaranteed and may be negative as well as positive.

How performance is calculated: Except for in the quarterly KiwiSaver fund updates (in which investment performance is calculated after fees and at a 28% prescribed investor rate), performance is after annual fund charges, and before tax and membership fees. The funds in respect of products mentioned on this website are portfolio investment entities (PIEs). Performance for funds operating before they became PIEs on 1 October 2007 has been recalculated to be on the same (pre-tax) basis. Returns for all periods longer than 1 year are annualised.

Unit prices: The unit price is calculated in accordance with the applicable governing document (each as amended, added to or replaced) for the ANZ KiwiSaver Scheme and ANZ Default KiwiSaver Scheme. The actual unit price that applies at the time a transaction request is received and accepted may differ from the unit price shown.