Balanced Profile

While you appreciate that your accumulated savings will experience volatility (variation in the value of your overall capital), you wish to ensure that a moderate component is invested in those markets which have the greater expected rate of return, balanced by the presence of a more conservatively invested component. You understand that investment performance may vary in the shorter term (with valuations moving both up and down) in the process of seeking enhanced returns.

A Balanced portfolio may comprise 40% income assets (e.g. cash and fixed interest) and 60% growth assets (e.g. Australasian, global and property equities).

The following sample asset allocation, based on data sourced from Melville Jessup Weaver, an actuarial consultant to the Summer KiwiSaver scheme, can be used as a guide in constructing a Balanced portfolio.

Asset type Sample allocation %
New Zealand Equities 10.00%
Australian Equities 10.00%
Listed Property 5.00%
Global Equities 35.00%
Total growth assets 60.00%
New Zealand Fixed Interest 18.00%
Global Fixed Interest 18.00%
New Zealand Cash 4.00%
Total income assets 40.00%
Total portfolio 100.0%

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Risk indicator

The Financial Markets Authority has provided guidance on indicators which can help describe investment risk. These indicators are based on annualised standard deviations, a mathematical measure of risk.

On a scale of 1 (least risky) to 7 (most risky), the investment risk of the asset sectors can be described as follows:

Asset sectorRisk Indicator
Cash 1 Very low volatility
Fixed interest (New Zealand) 2 Low volatility
Fixed interest (Global) 3 Low to medium volatility
New Zealand equities and listed property 4 Medium to high volatility
Global equities 5 High volatility 
Australian equities 6 Very high volatility

The risk profile for a Balanced portfolio can be described as 3 (low to medium volatility).

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