Within the Grosvenor KiwiSaver Scheme you have the flexibility to choose from a range of investment funds.
The funds available cover the risk spectrum with diversified options for both conservative investors and growth-focussed investors. Which fund is most appropriate depends on a person's circumstances, including their age, financial goals and other savings they may have. Your financial adviser can help you decide which option is right for you.
> High Growth Fund
Fund Objective
To provide savers with a portfolio of growth orientated assets seeking to maximize the potential for capital gains over the longer term.
Primary Investments
The High Growth Fund invests predominantly in NZ, Australian and other international shares, with little or no allocation to cash/ fixed interest securities, and is focused on achieving a significant degree of capital gains to enhance the overall return.
What type of savers does it suit?
The High Growth Fund would generally suit savers with at least 10 years until being eligible to withdraw from KiwiSaver (currently at age 65) and who are comfortable with periods of market volatility that accompanies a high exposure to share markets.
However, it may not be initially suited to those longterm savers who plan to use a significant portion of their savings as a deposit on their first home.
Key
New Zealand Cash
New Zealand Interest Bearing Assets
New Zealand Shares
Australian Shares
International Fixed Interest
International Shares
(range %)
(0 - 25)
(0 - 15)
(10 - 30)
(10 - 30)
(0 - 15)
(30 - 70)
> Balanced Fund
Fund Objective
To provide savers with the opportunity to invest in a combination of income and growth asset seeking to enhance returns over the longer term through capital gains.
Primary Investments
The Balanced Fund invests in a diversified basket investments balanced between income orientated investments and a similar level of growth assets, such as shares, both in New Zealand and internationally.
What type of savers does it suit?
Given the Balanced Fund has a combination of income and growth it would generally suit savers with between 5 and 10 years until being eligible to withdraw from KiwiSaver (currently at age 65) and who are comfortable with a more balanced allocation to income and growth assets.
It may also be suited to some savers with between 10 and 15 years until retirement, who do not receive matching employer contributions or who have only a moderate appetite for short term share market volatility; or
However, it may not be initially suited to those longterm savers who plan to use a significant portion of their savings as a deposit on their first home.
Key
New Zealand Cash
New Zealand Interest Bearing Assets
New Zealand Shares
Australian Shares
International Fixed Interest
International Shares
(range %)
(0 - 25)
(10 - 40)
(5 - 25)
(5 - 25)
(0 - 20)
(20 - 45)
> Conservative Fund
Fund Objective
To provide savers with a relatively consistent performance with the opportunity to enhance the overall return through a modest degree of capital gains over the long term.
Primary Investments
The Conservative Fund invests in a diversified basket of predominantly interest income orientated assets with a small allocation to growth assets in New Zealand and international shares to provide capital growth over the long term.
What type of savers does it suit?
Given the Conservative Fund invests primarily in lower risk income generating assets it would generally be more suitable for savers with less than 5 years until being eligible to withdraw from KiwiSaver (currently age 65).
It may also be suited to:
some savers with between 5 and 10 years until retirement, but who do not receive matching employer contributions or who have only a relatively low appetite for short term share market volatility; or
savers who initially plan to use a significant portion of their savings as a deposit on their first home.
Key
New Zealand Cash
New Zealand Interest Bearing Assets
New Zealand Shares
Australian Shares
International Fixed Interest
International Shares
(range %)
(0 - 25)
(20 - 60)
(0 - 15)
(0 - 15)
(0 - 30)
(10 - 35)
> Enhanced Income Fund
Fund Objective
To provide savers with a relatively stable interest income based return ahead of longer-term bank deposits without taking excessive credit risks or exposure to market volatility.
Primary Investments
The Enhanced Income Fund invests, either directly or through other funds, predominantly in short to medium term non-government interest bearing investments, both in New Zealand and overseas.
What type of savers does it suit?
The Enhanced Income Fund would generally suit savers with less than 5 years until being eligible to withdraw from KiwiSaver (currently age 65), who are looking for a level of consistency in performance from year to year and are comfortable with a moderate degree of credit risk.
As the Fund is expected to offer steady returns it may be particularly suited to those savers who initially plan to use a significant portion of their savings as a deposit on their first home.
Key
Mortgage Trusts
NZ & Global Credit
NZ Cash
Alternative High Yield
Debentures
(range %)
(0-30)
(0-100)
(0-20)
(0-20)
(0-30)
> Geared Growth Fund
Fund Objective
To provide savers with the opportunity to enhance the expected performance from investing in growth assets through the use of leverage to maximize the returns from capital gains over the long term.
Primary Investments
The Geared Growth Fund invests almost entirely in growth assets and uses leverage, through borrowing, to increase the total exposure to NZ, Australian and other international shares as it seeks to maximize returns for savers over the long term.
What type of savers does it suit?
As the Geared Growth Fund effectively magnifies periods of both positive and negative performance the Fund would generally suit savers with at least 15 years until being eligible to withdraw from KiwiSaver (currently at age 65) and who are comfortable with the impact that gearing may have during periods of extended market volatility.
Key
New Zealand Cash
New Zealand Interest Bearing Assets
New Zealand Shares
Australian Shares
International Fixed Interest
International Shares
(range %)
(0 - 25)
(0 - 15)
(10 - 30)
(10 - 30)
(0 - 15)
(30 - 70)
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