Summer Global Equities

Summer Global Equities fund performance summary as at 29 February 2020.

Fund at a glance

Unit price (as at 29 February 2020): $1.4915

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 and 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 Year3 Years
Fund 11.55% -2.94% -0.20% 16.14% 11.02%

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, Inc. 6.99%
2 ANZ transactional bank account 6.16%
3 JP Morgan Chase & Co. USD Cash Deposit 4.58%
4 NIKE, Inc. 4.38%
5 Alibaba Group Holding-Sp Adr 3.92%
6 The Walt Disney Company 3.72%
7 LVMH Moet Hennessy- Louis Vuitton 3.62%
8 Baxter International Inc. 3.55%
9 Alphabet Inc Class A 3.22%
10 Palo Alto Networks, Inc. 3.17%

The top 10 investments make up 43.31% of the fund.

Manager's Commentary

We actively manage the fund’s foreign currency exposures. As at 29 February 2020, the fund’s foreign currency exposures represented 93.84% of the value of the fund. After allowing for foreign currency hedges in place, approximately 70.15% of the value of the fund was unhedged and exposed to foreign currency risk.

The next Manager’s commentary will be included in the March Performance Summary (available April 2020).




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.