Generate Australasian Fund

Fisher & Paykel Healthcare commands more than a tenth of this fund, making it the single largest bet in a portfolio dominated by New Zealand household names. At $4.7 million in assets under management, Generate Australasian Fund runs a tight, concentrated portfolio with 77 percent in Australasian shares and 19 percent in listed property. The top holding alone accounts for 10.4 percent, followed by Infratil at 8.4 percent and Contact Energy at 6.8 percent. Auckland Airport, Goodman Group, Meridian, a2 Milk, Spark, Chorus and Commonwealth Bank round out the top ten, giving the fund a distinctly infrastructure and utilities tilt alongside its growth names.

The fund charges a total fee of 1.19 percent annually, split between a 1.16 percent management fee and a 0.12 percent performance fee. With 97 percent in growth assets and a risk rating of 6, this is a high-growth, trans-Tasman equity play built for investors comfortable with volatility. The fund is new enough that one, three and five year performance figures are not yet available, so there is no track record to assess. Listed property exposure sits at nearly one-fifth of the portfolio, an unusually large allocation for an Australasian shares fund.

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