Mercer Responsible Shares

Fisher & Paykel Healthcare sits at the top of this portfolio at 4.2%, a rare case of a New Zealand stock outweighing every US tech giant in a global shares fund. Nvidia comes second at 4.08%, followed by Apple at 3.73%, but the New Zealand tilt is unmistakable: a quarter of the fund stays home in Australasian shares, with six Kiwi companies among the top ten holdings. Infratil, Auckland Airport, Contact Energy and A2 Milk all feature, making this a distinctly local take on responsible investing within a global equity mandate.

The fund delivered 11.9% over the past year, placing it 22nd in the international share category, and ranks 18th over three years with annualised returns of 15.1%. Over five years it moves up to 13th, returning 8.3% per annum. At $77.8 million in size, it remains a relatively modest option. The total fee sits at 0.93%, comprising a 0.9% management charge and 0.05% in other costs, with no performance fee.

The responsible label here applies to a portfolio that blends ESG screening with concentrated positions in both offshore tech and domestic infrastructure. It is a high-growth fund built for long time horizons, with 100% in growth assets and no fixed income or cash buffer.

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