Growth Profile

While you appreciate the greater investment risks involved, your financial situation and personal circumstances enable you to concentrate your savings in those markets which have the greater expected rate of return, without requiring the capital for other purposes. You understand the sensitivity of these markets to short term events and the extent to which the value of your overall capital may vary significantly, as part of the process of seeking superior returns.

A Growth portfolio may comprise 25% income assets (e.g. cash and fixed interest) and 75% 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 Growth portfolio.

Asset type Sample allocation %
New Zealand Equities 12.00%
Australian Equities 12.00%
Listed Property 8.00%
Global Equities 43.00%
Total growth assets 75.00%
New Zealand Fixed Interest 10.00%
Global Fixed Interest 10.00%
New Zealand Cash 5.00%
Total income assets 25.00%
Total portfolio 100.0%

Apply Growth Profile


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 Growth portfolio can be described as 4 (medium to high volatility).

View all Summer funds


Check out the performance information for each fund, which is updated online monthly.


Our fees are simple. Read more on our Fees page.