AMP Wealth Management New Zealand Limited
Global Select Balanced Growth Fund
AMP KiwiSaver SchemeGrowth
What the provider says about this fund
The fund is a well-diversified portfolio that aims to provide growth, primarily through holding diversified growth assets with a lower allocation to lower-risk income assets. The fund aims to achieve medium to high returns, in exchange there will be larger movements up and down in the value of the investments.
1-year return
11.15%
5-year return p.a.
4.67%
Total annual fee
1.18%
Fund size ($m)
374.9
Members
6,071
Inception date
1 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
67.80%
Income assets
32.20%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 11.70% | 12.00% | 20.20% |
| Cash and equivalents | 2.90% | 3.50% | 6.14% |
| Commodities | 2.90% | 3.00% | 0.14% |
| International bonds | 12.20% | 12.00% | 8.75% |
| International shares | 38.70% | 39.00% | 51.02% |
| Listed property | 0.00% | 2.00% | 3.65% |
| New Zealand bonds | 17.10% | 16.50% | 7.35% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.70% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Cash & Equivalents - NZD | Cash | Cash and Cash Equivalents | NZ | 5.49% |
| 2 | IShares Physical Gold ETC | Other | Other | IE | 2.91% |
| 3 | Cash & Equivalents - AUD | Cash | Cash and Cash Equivalents | AU | 2.76% |
| 4 | Apple Inc | Shares | International Equities | US | 1.85% |
| 5 | NVIDIA Corp | Shares | International Equities | US | 1.78% |
| 6 | Fisher & Paykel Healthcare Corporation Limited | Shares | Australasian Equities | NZ | 1.47% |
| 7 | New Zealand Government Bond - maturing 20 Sep 2035 | Bonds | New Zealand Fixed Interest | NZ | 1.43% |
| 8 | Microsoft Corp | Shares | International Equities | US | 1.36% |
| 9 | New Zealand Government Bond - maturing 20 Apr 2029 | Bonds | New Zealand Fixed Interest | NZ | 1.31% |
| 10 | New Zealand Government Bond - maturing 15 May 2030 | Bonds | New Zealand Fixed Interest | NZ | 1.15% |
Fees
1.18% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 1.06% | $318 | 0.92% |
| Other fees | 0.04% | $12 | 0.10% |
| Membership fees | 0.08% | $23 | 0.05% |
| Total combined fees | 1.18% | $353 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2017 | 6.28% | 8.61% |
| 31 March 2018 | 6.02% | 7.38% |
| 31 March 2019 | 6.63% | 7.03% |
| 31 March 2020 | -3.39% | -3.37% |
| 31 March 2021 | 23.65% | 28.64% |
| 31 March 2022 | 3.63% | 2.17% |
| 31 March 2023 | -4.88% | -3.69% |
| 31 March 2024 | 9.62% | 14.25% |
| 31 March 2025 | 4.60% | 3.98% |
| 31 March 2026 | 11.15% | 7.60% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Craig Stobo | Investment Committee, Independent Member | 2 years, 5 months |
| Jeff Ruscoe | Investment Committee, Member(Chairman) | 7 years |
| Mark Ennis | Investment Committee, Member | 5 years, 8 months |
| Matthew Arnold* | Investment Committee, Member | 1 month |