Summer New Zealand Equities
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Summer New Zealand Equities fund performance summary as at 31 May 2018.
Fund at a glance
Unit price (as at 31 May 2018): $1.2006
Date the fund started: 19 September 2016
For information on fees, see our Fees page.
Further information can be found in the product disclosure statement.
Fund objective and strategy
See the New Zealand Equities page for the Summary of investment objective and strategy.
Fund returns
| Annualised total since inception | 1 Month | 3 Months | 1 Year | |
|---|---|---|---|---|
| Fund | 11.61% | 3.58% | 3.98% | 18.44% |
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 | Meridian Energy Limited | 8.18% |
| 2 | Ryman Healthcare Limited | 7.01% |
| 3 | The a2 Milk Company Limited | 6.59% |
| 4 | Fisher & Paykel Healthcare Corporation Limited | 6.59% |
| 5 | Spark New Zealand Limited | 5.99% |
| 6 | Z Energy Limited | 5.78% |
| 7 | Mainfreight Limited | 5.59% |
| 8 | Ebos Group Limited | 5.55% |
| 9 | Genesis Energy Limited | 5.31% |
| 10 | ANZ Cash Deposit | 5.22% |
The top 10 investments make up 61.81% of the fund.
Manager's comments
Summer New Zealand Equities delivered returns of 3.58% for the month, 3.98% for the three months to May and 18.44% for the year.
We actively manage the fund’s foreign currency exposures. As at 31 May 2018, these exposures represented 1.31% of the value of the fund and were unhedged.
The next Manager’s commentary will be included in the June Performance Summary (available July 2018).
For more information on the Summer New Zealand Equities fund, read the latest quarterly fund update.
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.
