MAS Global Equities

Nearly a third of this fund sits in Australasian shares, a strikingly high home bias for an international equities portfolio. Fisher & Paykel Healthcare leads at 5.04 percent, followed by Infratil at 3.82 percent and Auckland Airport at 2.34 percent. The remaining two-thirds flows offshore, with familiar US tech names like Apple, Nvidia and Alphabet filling out the top ten. This is an all-equity fund by design, holding 99 percent in growth assets and just 2 percent in cash.

The fund placed 19th in its category over one year with a return of 13.7 percent, then climbed to 16th over three years at 16.1 percent and 11th over five years at 9.0 percent. Total fees run to 0.99 percent, with management accounting for 0.89 percent and other costs 0.09 percent. No performance fee applies. The fund holds $182.2 million in assets under management.

Medical Assurance Society runs this as a high-growth option built around global share markets, but the allocation tilts noticeably toward New Zealand and Australian companies compared with most peers in the international share category. That domestic weighting shapes the portfolio's character and sets it apart from funds that track global indices more closely.

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