InvestNow Mint Australasian Eq

InvestNow Mint Australasian Eq is a $1.2 million fund that puts its entire equity stake into a single underlying vehicle, the Mint Australasian Equity Fund. That structure means members are effectively buying Australasian shares through a double wrapper, with total fees of 1.19 percent a year.

The fund sits at risk level 6 and holds 99 percent growth assets, almost entirely in Australasian equities with a sliver of cash. Over five years it has returned 0.7 percent a year, a figure that trails the broader market by a wide margin. The one-year result is a loss of 2.6 percent, while the three-year annualised return stands at 5.8 percent. The fee load is high for a passive regional equity exposure, and the fund's tiny scale raises questions about sustainability and liquidity in a category where larger, lower-cost options dominate.

The fund-of-one structure offers no diversification benefit beyond what the underlying Mint fund already provides, and the additional layer of fees compounds the drag on returns. For investors seeking Australasian equity exposure, this is a niche option with a cost structure that demands scrutiny.

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