ASB Aggressive Fund

Seven in ten dollars sit offshore, with Nvidia the single largest bet at just over 4 percent of the portfolio. The ASB Aggressive Fund, holding $1.1 billion in assets, places 71 percent in international shares and another 19 percent in Australasian equities, leaving just 8 percent in bonds, commodities and other defensive assets. That 92 percent growth weighting puts it firmly at the high-risk end of the spectrum, and the top ten holdings read like a roll call of US tech giants: Apple, Microsoft, Alphabet, Amazon and Tesla all feature, alongside Taiwan Semiconductor. Fisher & Paykel Healthcare and Auckland Airport are the only New Zealand names to crack the list.

The fund returned 14.4 percent over the year to its most recent disclosure, landing it 6th in the aggressive category. The total annual fee sits at 0.75 percent, with no performance or other charges layered on top. The portfolio is globally diversified by market cap, but the concentration in American technology is unmistakable. This is a high-growth fund built for long time horizons, with minimal buffer against equity market downturns.

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