Suitable for investors with a time horizon of at least 10 years before spending large amounts of their portfolio. This portfolio is acceptable for those seeking a lower degree of volatility and has an emphasis on capital preservation.
Top Holdings as at 1 April 2019
|Asset||COUNTRY OF ORIGIN||ASSET TYPE||ALLOCATION|
|Harbour NZ Equity Advanced Beta Fund||New Zealand||Australasian equities||32.0%|
|AMP Capital All Country Global Shares Index Fund||New Zealand||International Equities||48.0%|
|Harbour NZ Corporate Bond Fund||New Zealand||New Zealand
|AMP Capital Hedged Global Fixed Interest Index Fund||New Zealand||International
|Cash||New Zealand||Cash and Cash Equivalents||2.0%|
The investment objective of the portfolio is to utilise portfolio investment entities (PIEs) to outperform the respective index portfolio as defined by the benchmarks below. Performance is evaluated on a gross basis (before tax, fees and other expenses have been taken into account) over the period of the minimum time horizon for which the portfolio is stated as being suitable.
As at 1 April 2019, the following benchmarks are used when reviewing underlying returns of asset classes and measuring performance for the above portfolios. Note these are subject to change without notice as more appropriate benchmarks become available. When reviewing the performance of underlying investments other benchmarks may be used that more closely approximate the objective of the investment.
|ASSET CLASS||INDEX||PIE 80/20|
|Australasian Equities||S&P/NZX 50 Index (Gross)||32.0%|
|International Equities||MSCI All Country World Index (hedged to NZD, net div.)||24.0%|
|MSCI All Country World Index (net div.)||24.0%|
|New Zealand Fixed Interest||S&P/NZX A-Grade Corporate Bond Index||5.4%|
|International Fixed Interest||FTSE World Government Bond Index 1-5 Years (hedged to NZD)||12.6%|
|Cash and cash equivalents||New Zealand One-Month Bank Bill Yields Index||2.0%|
*Cash is in an on call facility held by ANZ Bank New Zealand Ltd. ANZ Bank has a Standard & Poors short term rating of A-1+. This indicates that ANZ Bank’s capacity to meet its financial commitment on these obligations is extremely strong.