ASB Growth Fund

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Fund type: Growth fund

Past Returns: 7.34%

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

Annual Fees: 1.2%

Annual fees, including management and administration fees, but not membership fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.


Fossil Fuel

Alleghany Corp 0.01%
Altagas Ltd 0.06%
Ampol Ltd 0.08%
Anglo American PLC 0.06%
Apa Group 0.05%
Arcelormittal 0.02%
Astra International Tbk Pt 0.01%
Atmos Energy Corp 0.01%
BHP Group Ltd 0.91%
Cheniere Energy Inc 0.11%
Citic Ltd 0.01%
Cosan SA 0.02%
Empresas Copec SA 0.02%
Enbridge Inc 0.14%
Engie 0.02%
Glencore PLC 0.05%
Grupo De Inversiones Suramericana SA 0.01%
Hong Kong and China Gas Company 0.01%
Hyundai Heavy Industries Holdings Co Ltd 0.01%
Itochu Corp 0.03%
Keyera Corp 0.07%
Kinder Morgan Inc 0.11%
Lg Corp 0.01%
Loews Corp 0.01%
Lyondellbasell Indu-Cl A 0.02%
Marathon Petroleum Corp 0.12%
Marubeni Corp 0.01%
Mitsubishi Corp 0.03%
Mitsui & Co Ltd 0.03%
Mitsui Osk Lines Ltd 0.01%
Naturgy Energy Group S.A. 0.01%
Nippon Steel Corp 0.01%
Nippon Yusen Kk 0.01%
Oneok Inc 0.10%
Origin Energy Ltd 0.04%
Osaka Gas Co Ltd 0.01%
Parkland Corporation 0.07%
Pembina Pipeline Corp 0.08%
Phillips 66 0.11%
Posco Holdings Inc 0.02%
Ptt Oil & Retail Business Pcl 0.01%
Public Service Enterprise Group 0.03%
Qatar Gas Transport Co Ltd 0.02%
Rabigh Refining & Petrochemical Co 0.02%
S-Oil Corporation 0.02%
Snam Spa 0.06%
South32 Ltd 0.08%
Sumitomo Corp 0.02%
Tc Energy Corporation 0.11%
Ugi Corp 0.01%
Vale SA 0.08%
Valero Energy Corp 0.11%
Viva Energy Group Ltd 0.06%
Williams Cos Inc 0.11%

Weapons

Amphenol Corp-Cl A 0.03%
Exor Holding Nv 0.01%
Heico Corp 0.02%
Jfe Holdings Inc 0.01%
Mitsubishi Heavy Industries Ltd 0.01%
Rolls-Royce Holdings PLC 0.01%
Singapore Tech Engineering 0.05%
Transdigm Group Inc 0.03%

Tobacco

Alimentation Couche-Tard Inc 0.04%

Gambling

Aristocrat Leisure Ltd 0.09%
Caesars Entertainment Inc 0.01%
Crown Resorts Ltd 0.02%
Draftkings Inc 0.01%
Flutter Entertainment PLC 0.01%
Galaxy Entertainment Group L 0.01%
Gaming and Leisure Properties Inc 0.02%
Genting Malaysia Bhd 0.01%
Greek Organization Of Football Prognostics 0.01%
Las Vegas Sands Corp 0.01%
Mgm Resorts International 0.02%
Pointsbet Holdings Ltd 0.01%
Sands China Ltd 0.01%
Skycity Entertainment Group 0.32%
Tabcorp Holdings Ltd 0.04%
The Star Entertainment Group Ltd 0.01%
Vici Properties Inc 0.04%
Wynn Resorts Ltd 0.01%

Adult Entertainment/Pornography

Caesars Entertainment Inc 0.01%
Live Nation Entertainment In 0.02%
Mgm Resorts International 0.02%

Alcohol

Ambev SA 0.02%
Anheuser-Busch Inbev SA/Nv 0.04%
Asahi Group Holdings Ltd 0.02%
Brown-Forman Corp-Class B 0.02%
Carlsberg As-B 0.01%
China Resources Beer Holdings Co Ltd 0.01%
Constellation Brands Inc-A 0.03%
Davide Campari-Milano Nv 0.01%
Diageo PLC 0.12%
Endeavour Group Ltd/Australia 0.03%
Heineken Holding Nv 0.01%
Heineken Nv 0.02%
Kirin Holdings Co Ltd 0.01%
Kweichow Moutai Co Ltd 0.02%
LVMH Moet Hennessy Vuitton ( Se ) 0.15%
Metcash Ltd 0.01%
Molson Coors Beverage Co 0.01%
Pernod-Ricard SA 0.04%
Remy Cointreau 0.01%
Treasury Wine Estates Ltd 0.03%
Tsingtao Brewery Co Ltd-H 0.01%
Wuliangye Yibin Co Ltd 0.01%

Palm Oil

Astra International Tbk Pt 0.01%
Wilmar International Ltd 0.01%

GMOs

Corteva Inc 0.04%

Human Rights & Environmental Violations

Activision Blizzard Inc 0.05%
Astra International Tbk Pt 0.01%
BHP Group Ltd 0.91%
Bank Hapoalim Bm 0.01%
Bank Leumi Le-Israel 0.01%
Barrick Gold Corp 0.03%
Bayer AG-Reg 0.05%
Credit Suisse Group AG-Reg 0.02%
Duke Energy Corp 0.07%
Evergreen Marine Corp Ltd 0.01%
Formosa Chemicals & Fibre 0.01%
Freeport-Mcmoran Inc 0.06%
Glencore PLC 0.05%
Grupo Mexico Sab 0.02%
Israel Discount Bank-A 0.01%
Jbs SA 0.01%
Johnson & Johnson 0.35%
Li Ning Co Ltd 0.02%
Mizrahi Tefahot Bank Ltd 0.01%
Motorola Solutions Inc 0.03%
Mtn Group Ltd 0.02%
Nestle SA-Reg 0.27%
Pan American Silver Corp 0.01%
Pg & E Corp 0.02%
Posco Holdings Inc 0.02%
Rio Tinto Ltd 0.16%
Rio Tinto PLC 0.07%
Southern Copper Corp 0.01%
Teva Pharmaceutical-Sp Adr 0.01%
Tokyo Electric Power Company Holdings Incorporated 0.01%
Uber Technologies Inc 0.04%
Vale SA 0.08%
Wilmar International Ltd 0.01%
Zijin Mining Group Co Ltd 0.01%
Zijin Mining Group Co Ltd-H 0.01%

Animal Testing

Air Liquide-Prime Fidelite Regd 0.06%
Akzo Nobel 0.01%
Albemarle Corp 0.02%
Amorepacific Corp 0.01%
Archer-Daniels-Midland Co 0.04%
Arkema 0.01%
Asahi Group Holdings Ltd 0.02%
Associated British Foods PLC 0.01%
Avantor Inc 0.02%
Basf Se 0.04%
Bayer AG-Reg 0.05%
Beiersdorf AG 0.01%
Burberry Group PLC 0.01%
Celanese Corp-Series A 0.01%
China Feihe Ltd 0.01%
Chr Hansen Holding A/S 0.01%
Church & Dwight Co Inc 0.02%
Clorox Company 0.01%
Coca-Cola Co 0.19%
Corteva Inc 0.04%
Covestro AG 0.01%
Croda International PLC 0.01%
Dow Inc 0.04%
Dowdupont Inc 0.03%
Eastman Chemical Co 0.01%
Ecolab Inc 0.03%
Entegris Inc 0.01%
Essity Aktiebo-B 0.02%
Estee Lauder Companies-Cl A 0.05%
Fmc Corp 0.01%
Formosa Chemicals & Fibre 0.01%
Formosa Plastics Corp 0.01%
Fujifilm Holdings Corp 0.02%
General Mills Inc 0.03%
Givaudan-Reg 0.03%
Glaxosmithkline PLC 0.08%
Groupe Danone 0.03%
Henkel AG & Co Kgaa 0.01%
Henkel AG & Co Kgaa Vorzug 0.01%
Hermes International 0.03%
Icl Group Ltd 0.01%
Ingersoll-Rand 0.02%
Intl Flavors & Fragrances 0.03%
Jeronimo Martins 0.01%
Johnson & Johnson 0.35%
Johnson Matthey PLC 0.01%
Kao Corp 0.01%
Kerry Group PLC-A 0.01%
Keurig Dr Pepper Com 0.02%
Kikkoman Corp 0.01%
Kimberly-Clark Corp 0.03%
Kirin Holdings Co Ltd 0.01%
Koninklijke Dsm Nv 0.02%
L'Oreal 0.08%
LVMH Moet Hennessy Vuitton ( Se ) 0.15%
Lg Household & Health Care 0.01%
Linde PLC 0.12%
Lyondellbasell Indu-Cl A 0.02%
Marubeni Corp 0.01%
Mondelez International - W/I 0.07%
Mosaic Co 0.02%
Nan Ya Plastics Corp 0.02%
Nestle SA-Reg 0.27%
Nippon Paint Holdings Co Ltd 0.01%
Novozymes A/S-B Shares 0.01%
Nufarm Ltd 0.01%
Nutrien Ltd 0.04%
Orbia Advance Corp Sab De Cv 0.01%
Orkla Asa 0.01%
PPG Industries Inc 0.02%
Pepsico Inc 0.17%
Petronas Chemicals Group Bhd 0.01%
Procter & Gamble Co 0.28%
Puma Se 0.01%
Reckitt Benckiser 0.04%
Ricoh Co Ltd 0.01%
Rpm International Inc 0.01%
Sainsbury (J) PLC 0.01%
Sherwin-Williams Co 0.05%
Shin-Etsu Chemical Co Ltd 0.04%
Shiseido Co Ltd 0.02%
Solvay SA 0.01%
Sumitomo Chemical Co Ltd 0.01%
Symrise AG 0.01%
Tesco PLC 0.02%
Umicore SA 0.01%
Unicharm Corp 0.01%
Unilever PLC 0.09%
Yara International Asa 0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 2022 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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2022 1.53% 2.18%
2021 32.66% 26.34%
2020 -4.45% -6.51%
2019 6.15% 7.87%
2018 8.66% 7.71%
2017 7.20% 9.87%
2016 5.40% 2.96%
2015 12.09% 14.71%
2014 9.56% 8.89%
2013 13.67% 10.82%

The market average is the average 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 fund has filed with Disclose register to Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Ishares Physical Gold Etc
    Ireland Commodities
    2.97%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    2.92%
  • Apple Inc
    United States International Equities
    2.12%
  • Fisher & Paykel Healthcare Corporation Ltd
    New Zealand Australasian Equities
    2.02%
  • Microsoft Corporation
    United States International Equities
    1.63%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.39%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.24%
  • Amazon.Com Inc
    United States International Equities
    1.1%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    1.03%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    0.93%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 1.0% 0.34%
New Zealand Fixed Interest 11.5% 7.26%
International Fixed Interest 7.5% 7.99%
Australasian Equities 33.0% 26.96%
International Equities 37.5% 51.31%
Listed Properties 3.5% 3.0%
Unlisted Properties 0.0% 0.0%
Other 6.0% 0.0%
Commodities 0.0% 3.14%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible 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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.05%
  • Alcohol:
    0.64%
  • Animal Testing:
    3.32%
  • Fossil Fuels:
    3.26%
  • Gambling:
    0.66%
  • GMOs:
    0.04%
  • Human Rights & Environmental Violations:
    2.49%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.04%
  • Weapons:
    0.17%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 2022 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, Sustainalytics and research organisations.

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"To provide high total returns allowing for large movements of value up and down. The number of years with negative returns are generally expected to be the highest of the multi-sector funds in the ASB Investment Funds. We manage asset allocation and currency hedging over the medium to long term relative to the target investment mix. We focus on cost effective management. The Growth Fund invests in income and growth assets with a target investment mix of 20% income assets and 80% growth assets."

Value $250M NZD
Period of data report Thu March 31st 2022
Fund started Fri Oct. 12th 2007
Total annual fund fees 1.2%
Total performance based fees 0.0%
Manager's basic fee 1.15%
Other management and administration charges 0.05%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Nigel Annett

Currently: Investment Committee member (8 years, 0 months)
Previously: Executive GM Corporate Banking, ASB Bank (current position) (3 years, 5 months)

Adam Boyd

Currently: Investment Committee member (5 years, 10 months)
Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (5 years, 10 months)

Graeme Edwards

Currently: Investment Committee Chairman (2 years, 5 months)
Previously: Investment Committee member (10 years, 3 months)

Stephen Moir

Currently: Investment Committee member (1 years, 2 months)
Previously: Director, Board of The Guardians of the NZ Superfund (previous position) (10 years, 11 months)

John Smith

Currently: Investment Committee member (10 years, 10 months)
Previously: Head of Asset Management, ASB Bank (current position) (9 years, 10 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. 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 Markets Conduct Act 2013 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.