AMP Growth

One in five dollars in this fund sits in New Zealand shares, a concentration nearly double what many growth funds hold locally. AMP Growth takes 20.4% of its portfolio to Australasian equities, led by Fisher & Paykel Healthcare at 2.83%, Auckland Airport at 1.79%, and a cluster of infrastructure and energy names including Infratil and Contact. That tilt puts substantial weight on the domestic market within a fund carrying $1.39 billion in assets.

The international allocation runs to 51.39%, anchored by the familiar US tech giants: NVIDIA, Apple, Microsoft, Amazon and Taiwan Semi all feature in the top ten. The fund ranks 3rd in its category over one and three years, with returns of 12.7% and 15.0% respectively, though it drops to 6th over five years at 7.9%. The growth weighting sits at 78%, with the remainder split between New Zealand bonds at 10.24%, international bonds at 10.03%, and a small cash buffer.

Total fees come to 0.79%, comprising 0.21% in other charges with no performance fee. The fund carries a risk indicator of 5, reflecting its equity-heavy construction and the volatility that comes with concentrating a fifth of the portfolio in a small domestic market.

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