About this fund and who it may suit
The High Growth Fund aims for higher long-term returns, allowing for larger ups and downs in value.
This fund could suit investors focused on building their KiwiSaver savings over the long term, who are comfortable with significant changes in value along the way and don’t expect to access their savings for many years.
Minimum suggested investment timeframe is 9 or more years. The minimum suggested timeframe indicates how long to stay invested to manage short-term ups and downs and give your investment time to recover from any drops in value.
How risk affects volatility
The risk indicator for this fund is 5, on a scale from 1 (low) to 7 (high). The rating reflects how much the value of the fund’s assets goes up and down (volatility). A higher risk means higher potential returns over time, but more ups and downs along the way.
Wondering if this fund is right for you? Our fund chooser tool could help.
OneAnswer – for a more personalised portfolio
The OneAnswer KiwiSaver Scheme is designed for investors with external financial advisers or who want to take a more personal approach to their KiwiSaver account. With access to a wide range of funds investors have the ability to build a customised portfolio.
To join the OneAnswer KiwiSaver Scheme, contact your financial adviser or complete the application form at the back of the OneAnswer KiwiSaver Scheme Product Disclosure Statement (PDF 906.3KB).
Fund performance
Performance as at 30 June 2026
Performance is after the annual fund charge and before tax.
3 months | 1 year | 3 years (p.a.) | 5 years (p.a.) | 10 years (p.a.) | Since launch (p.a.) | |
|---|---|---|---|---|---|---|
High Growth Fund | 12.02% | 19.73% | – | – | – | 12.44% |
Fund performance over time
This graph shows the value of a $1,000 investment made when the fund launched.
What the fund invests in
The fund invests in growth assets (Australasian equities and international equities), with a very small exposure to income assets (cash and cash equivalents and fixed interest). The fund may also invest in alternative assets.
This graph shows the mix of assets that the fund generally intends to invest in.
See the fund's investments in the full portfolio holdings spreadsheet:
Fund fee
% of your investment balance | |
|---|---|
High Growth Fund annual fund charge | 0.99% |
Unit price
A unit is a small share of the overall fund. The unit price is the price of one unit.
The unit price is calculated by dividing the fund’s net asset value by the number of units in the fund.
Fund quarterly update
Fund insights for last quarter
What happened this quarter (three months to 30 June 2026)
The fund is almost fully invested in growth assets, making up more than 90% of its investments. Share markets had a strong quarter, rebounding from a challenging start of the year. The rebound was supported by a combination of resilient corporate earnings and a stabilisation in geopolitical tensions in the Middle East – although these remained an ongoing source of uncertainty.
In the US, the S&P 500 Index rose 15.2%, while the Nasdaq 100 Index gained 21.6%, supported by continued strength in technology and AI‑related stocks. European equity markets also moved higher, though performance was more mixed across the region. The Euro Stoxx 50 Index rose 15.2%, supported by the easing of geopolitical tensions and its reliance on energy flows through the Strait of Hormuz. In contrast, UK equities lagged, with the FTSE 100 Index rising just 4.0%, weighed down by softer growth momentum and a more challenging domestic political and economic backdrop.
Asian markets were among the strongest performers globally, with several indices delivering outsized gains. Japan’s Nikkei 225 Index surged 37.4%, supported by strong corporate earnings and continued investor inflows, while South Korea’s KOSPI Index rose 67.7%, driven by strength in semiconductor and tech-related companies.
In New Zealand, the NZX 50 Index rose a more modest 5.5%. Business and consumer confidence remained weak, while ongoing inflation pressures continued to cloud the outlook for economic growth and monetary policy.
The fund's significant equity exposure was the primary driver of performance, benefiting from strong gains in share markets, especially among growth stocks – both developed and emerging markets.
Looking ahead, market volatility is likely to persist as geopolitical and inflation risks evolve. However, the fund remains well diversified and is designed to help manage risk while providing a more stable long-term investment experience.
How global and local markets performed last quarter
Choosing a fund
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Important information
ANZ New Zealand Investments Limited (‘ANZ Investments’) is the issuer and manager of the ANZ KiwiSaver Scheme, the OneAnswer KiwiSaver Scheme and the ANZ Default KiwiSaver Scheme (no longer a default scheme and closed to new members). For the scheme guides and product disclosure statements see KiwiSaver documents and forms or ask at any ANZ branch.
This material is for information purposes only. Please talk to us if you need financial advice about your situation and goals or about our products and services. See our Financial advice provider disclosure statement (PDF 39.9KB).
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.