AMP Australasian Shares

AMP Australasian Shares is a boutique fund managing just $8.4 million, with a strikingly concentrated bet on New Zealand companies. Fisher & Paykel Healthcare alone commands 15 percent of the portfolio, while the top ten holdings account for more than 60 percent of the fund. This is a high-conviction strategy built around a narrow set of names, dominated by infrastructure and healthcare plays.

The portfolio is almost entirely in Australasian equities, with 99.7 percent allocated to shares and a sliver of cash. New Zealand stocks drive the allocation, with the top holdings spanning healthcare devices, airports, energy generators, logistics and dairy exports. Infratil and Auckland Airport sit at 10 percent and 9.5 percent respectively, while Contact, Meridian and Mercury collectively represent a substantial tilt toward the electricity sector. The fund charges a total fee of 0.79 percent. Over five years it has returned 2.9 percent per annum, with one-year returns at 4.7 percent and three-year returns at 7.6 percent.

The fund's small scale and concentrated structure mean it lives or dies by a handful of stock calls. Its risk level sits at 6, reflecting the volatility inherent in a portfolio heavily weighted toward a few large domestic names.

General information only, not financial advice. Past performance is not a reliable indicator of future results.