Medical Assurance Society Global Equities Fund

In their own words: "The Global Equities Fund aims to provide very high growth over the long term. It invests predominantly (around 100%) in Growth assets (such as Australasian and international equities). It may be more suited to members who accept its higher risk profile and greater volatility. This Fund is certified by the Responsible Investment Association of Australasia (RIAA) and engages with companies to improve their performance."

At a glance:

Not Mindful
Type: Aggressive fund
Past Returns: 9.73%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 1.2%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND1162
Name Medical Assurance Society Global Equities Fund
Risk profile Aggressive fund
Description The Global Equities Fund aims to provide very high growth over the long term. It invests predominantly (around 100%) in Growth assets (such as Australasian and international equities). It may be more suited to members who accept its higher risk profile and greater volatility. This Fund is certified by the Responsible Investment Association of Australasia (RIAA) and engages with companies to improve their performance.
Value $50M NZD
Members 1,788
Market index description The market index return is the benchmark asset allocation weighted benchmark index return, where the benchmark indices are defined in the Statement of Investment Policy and Objectives.
Disclosure Statement Period Sun March 31st 2019
Fund started Mon Oct. 1st 2007
Three-year average return 9.73%
Market index past year return 9.01%
Past year return net charges and tax 7.83%
Past year return net of charges gross of tax 8.35%
Market index return since fund started 9.21%
Return since fund started net 7.64%
Total annual fund fees 1.2%
Total performance based fees 0.0%
Manager's basic fee 1.02%
Administration charges 0.18%
Total other charges 0.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 10.11% 7.83%
2018 6.68% 6.68%
2017 11.18% 14.69%
2016 4.51% -0.56%
2015 15.30% 17.09%
2014 10.31% 12.35%
2013 13.23% 10.34%
2012 -5.15% -11.62%
2011 7.61% 5.6%
2010 26.74% 17.43%

The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • Spdr Tech Select Exchange Traded Fund
    United States New Zealand Fixed Interest
    5.03%
  • Spdr S&P US Bank Exchange Traded Fund
    United States International Equities
    4.16%
  • Health Care Select Exchange Traded Fund
    United States International Equities
    3.04%
  • A2 Milk Company Limited
    New Zealand Australasian Equities
    2.68%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    2.16%
  • Infratil Limited
    New Zealand Australasian Equities
    2.16%
  • Fisher & Paykel Healthcare Limited
    New Zealand Australasian Equities
    1.91%
  • Ishares U.S. Medical Devices Exchange Traded Fund
    United States International Equities
    1.76%
  • Ishares EUR 600 Telecoms Exchange Traded Fund
    Germany International Equities
    1.7%
  • Amazon.Com Inc
    United States International Equities
    1.57%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 1.56%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 30.0% 27.25%
International Equities 70.0% 69.65%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • Bruce Robertson

    Currently: Portfolio manager, JBWere (22 years, 0 months)
    Previously: Partner, Goldman Sachs JBWere (7 years, 1 months)

  • Earl White

    Currently: Executive Advisor, Bancorp Treasury (16 years, 2 months)
    Previously: Treasurer, BNP Paribas (8 years, 7 months)

  • Hayden Griffiths

    Currently: Asset allocation, JBWere (22 years, 11 months)
    Previously: Analyst, BZW (2 years, 5 months)

  • Phil Borkin

    Currently: Senior Strategist, JBWere (0 years, 3 months)
    Previously: Senior Macro Strategist, ANZ (4 years, 0 months)

  • Tom Phillips

    Currently: Portfolio manager, JBWere (14 years, 7 months)
    Previously: Corporate lawyer, Bell Gully (7 years, 8 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.01%
  • Animal Testing:
    3.28%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.34%
  • GMOs:
    0.13%
  • Human Rights & Environmental Violations:
    0.05%
  • Palm Oil:
    0.04%
  • Tobacco:
    0.00%
  • Weapons:
    0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Weapons

Meggitt Plc 0.02%

Gambling

Sky City Entertainment Group 0.20%
Aristocrat Leisure Ltd 0.15%

Alcohol

Palm Oil

Astra International 0.03%

GMOs

Dupont De Nemours Inc 0.13%

Human Rights & Environmental Violations

Astra International 0.04%
Nestle Malaysia 0.01%

Animal Testing

Procter & Gamble 0.804%
Pepsico Inc 0.491%
Unilever Nv 0.228%
Unilever Plc 0.167%
Colgate-Palmolive 0.147%
Danone Sa 0.142%
Reckitt Benckiser Group Plc 0.137%
Kimberly Clark Corp 0.126%
Estee Lauder Inc Class A 0.116%
General Mills Inc 0.086%
Shiseido Ltd 0.086%
Ppg Industries Inc 0.076%
Givaudan Sa 0.066%
Koninkilijke Dsm Nv 0.061%
Akzo Nobel Nv 0.056%
Clorox 0.051%
Henkel & Kgaa Pref Ag 0.046%
Coca Cola European Partners Plc 0.035%
International Flavors & Fragrances 0.035%
Beiersdorf Ag 0.030%
Burberry Group Plc 0.030%
Associated British Foods Plc 0.025%
Henkel Ag 0.025%
Solvay Sa 0.025%
Chr Hansen Holding 0.025%
Croda International Plc 0.020%
Kikkoman Corp 0.015%
Sainsbury(J) Plc 0.015%
Far Eastern New Century Corp 0.010%
Coca Cola Hbc Ag 0.010%
Newell Brands Inc 0.010%
Mitsui Chemicals Inc 0.010%
Kimberly-Clark De Mexico Class A 0.010%
Unilever Indonesia 0.010%
Nestle Malaysia 0.010%
Amorepacific Corp 0.010%
Coca-Cola Femsa Class Ubl Units 0.010%
Bic Sa 0.010%
L Brands Inc 0.010%

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital investment. Past returns are not a guide to future returns. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.