Summer Global Equities

Summer Global Equities fund performance summary as at 31 October 2018 

Fund at a glance

Unit price (as at 31 October 2018): $1.2639

Date the fund started: 19 September 2016

For information on fees, see our Fees page.

For more information on the Summer Global Equities fund, read the latest quarterly fund update or the product disclosure statement

Fund objective and strategy

See the Global Equities page for the Summary of investment objective and strategy.

Fund returns

 Annualised total since inception1 Month3 Months1 Year
Fund 10.80% -8.34% -6.25% 1.52%

Fund returns are calculated net of fund charges, trading expenses and accrued tax for a New Zealand resident individual paying tax at the highest Prescribed Investor Rate (28%)


Top 10 investments

  Asset name % of fund net assets
1 ANZ Cash Deposit 8.86%
2 Comcast Corp Class A 4.27%
3 FedEx Corporation  3.77%
4 NIKE, Inc. 3.70%
5 Siemens AG-Reg 3.64%
6, Inc. 3.37%
7 Visa Inc.- Class A Shares 3.11%
8 Illumina Inc. 3.03%
9 Alphabet Inc Class A 2.99%
10 Facebook Inc.- A 2.96%

The top 10 investments make up 39.70% of the fund

Manager's comments

We actively manage the fund’s foreign currency exposures. As at 31 October 2018, these exposures represented 91.14% of the value of the fund and were unhedged.

The next Manager’s commentary will be included in the December Performance Summary (available early February 2019).


This is not a recommendation to buy or sell any financial product and does not take your personal circumstances into account. All opinions reflect our judgement on the date of communication and may change without notice. Past performance is not a reliable guide to future performance. We recommend you take financial advice before making investment decisions. We have prepared this web page in good faith based on information obtained from other sources, but we do not guarantee the accuracy of that information. We do not make any representation or warranty (express or implied) that this web page is accurate, complete, or current and to the maximum extent permitted by law disclaim any liability for loss which may be incurred by any person relying on this web page.