More choice. Lower fees

3 August 2023

At ANZ, we’re always looking for ways to help you get the most out of your investments. That’s why we’ve introduced a new High Growth Fund across our ANZ KiwiSaver Scheme, ANZ Default KiwiSaver Scheme and ANZ Investment Funds, so you have more choice.

Introducing the High Growth Fund

As the name suggests, the High Growth Fund has the potential to achieve higher returns over the long-term, allowing for larger ups and downs in value. It differs from our Growth Fund due to its higher allocation to growth assets such as shares, including listed property and listed infrastructure (95% versus 80% for the Growth Fund) and lower exposure to income assets like cash, cash equivalents and bonds (5% versus 20% for the Growth Fund). The fund may also invest in alternative assets.

Investors with a longer investment timeframe may benefit from a higher growth, higher risk fund. Fiona Mackenzie, Managing Director, Funds Management at ANZ, says: “While ups and downs in value are more likely, there’s also more time to recover from any losses. If you have a higher risk appetite and a longer time to withdrawal to ride out the ups and downs, this may be a good fund choice for you.” 

It's important to remember that all investments have a level of risk, and that your risk appetite isn’t static – it might change over time as your goals and investment timeframe change. It’s a good idea to review your fund choice regularly to make sure it’s still meeting your needs. 

Ultimately, says Fiona, having more choice is positive for investors across the board. “A broader range of funds available means investors have more choice about what will work for them and their financial wellbeing goals, whatever stage they’re at.”

You can compare the key features of our KiwiSaver funds and Investment Funds online. We have a tool to help you chose the right fund for you.

Giving you more value

From fund additions to fee reductions: we’re pleased to advise that from 3 August 2023 we’ve reduced fees across some of our funds. The main reductions apply to the Balanced, Balanced Growth, and Growth Funds for our ANZ KiwiSaver Scheme, ANZ Default KiwiSaver Scheme, and ANZ Investment Funds, with the fees reducing by 5 basis points (0.05%).

The changes are part of our continuing commitment to ensuring our fees provide value for money and making it easier for investors to grow their balances faster. For example, in 2021 we removed all membership fees, we also reduced the Conservative and Conservative Balanced Fund fees the same year.

“While we’ve reduced some of our fees, our focus on long-term performance and commitment to providing good investment outcomes for our customers hasn’t changed,” says Rachel Whitelaw, General Manager Product, Funds Management, ANZ. As one of the largest fund managers in Aotearoa, our experienced investment management team follows a consistent and disciplined process for managing investments. We also work with some external fund managers who we believe are among the best in their class.

Our latest digital innovations

Finally, some bells and whistles designed to improve your digital experience. Here’s the latest new functionality and enhancements in ANZ Internet Banking and ANZ goMoney mobile app, to make managing your investments easy.

Get your fund description at a glance

We’ve updated our account screen layout in goMoney and added a section with a description of the funds you’re in. This is a handy reminder of your fund’s potential – for example, whether it has a potential for higher returns with larger ups and downs in value, or for moderate returns with moderate ups and downs.

Switch KiwiSaver funds with the tap of a finger

Time to change funds? If you have your KiwiSaver account with us, you can now switch funds using goMoney (previously only available in Internet Banking). When switching, you can even split your investments across multiple funds so you’re even more in control of your financial future.

Flexibility to update your PIR and Contributions

Don’t forget that you can update your PIR (Prescribed Investor Rate) and KiwiSaver contribution rate in Internet Banking as well. You can also now update your KiwiSaver contribution rate in goMoney.

For information on how to stay on top of your investments, head to Managing your KiwiSaver or Managing your investments.

Our digital innovations aim to make it easier for you to manage your investments. Watch this space, as we’re in constant development mode – which means there are plenty more digital enhancements to come.

Important information

ANZ New Zealand Investments Limited ('ANZ Investments') is the issuer and manager of the ANZ KiwiSaver Scheme. Download the guide and product disclosure statement from our documents and forms page or ask at any branch.

ANZ Investments is the issuer and manager of the ANZ Default KiwiSaver Scheme. The scheme is no longer a default scheme and is closed to new members. Important information about the ANZ Default KiwiSaver Scheme is available at and by searching ‘ANZ Default KiwiSaver Scheme’ on the offer register at

ANZ Investments is the issuer and manager of ANZ Investment Funds. Important information is available under terms and conditions. Download the guide and product disclosure statement from our documents and forms page.

ANZ Investments is not an authorised deposit taking institution (ADI) under Australian law and investments in the ANZ KiwiSaver Scheme, ANZ Default KiwiSaver Scheme and ANZ Investment Funds (together, the 'schemes') aren’t deposits in or liabilities of ANZ Bank New Zealand Limited, Australia and New Zealand Banking Group Limited, or their subsidiaries (together ‘ANZ Group’). ANZ Group doesn’t stand behind or guarantee ANZ Investments. Investments in the schemes are subject to investment risk, including possible delays in repayment, and loss of income and principal invested. ANZ Group won’t be liable to you for the capital value or performance of your investment.

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.

This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 736 034, or for more information about ANZ’s financial advice service or to view our financial advice provider disclosure statement see