Summer Balanced Selection

Summary of investment objective and strategy

We aim to achieve positive long-term returns by choosing exposure across asset classes. Investors can expect moderate to high levels of movement up and down in value and to receive longer term returns that are higher than those of the Summer Conservative Selection but lower than those of the Summer Growth Selection.

Target investment mix

What is a target investment mix? The target mix of asset classes that a fund manager aims to hold in a given fund – e.g. the target percentages of shares and bonds. This can often be different from a fund’s actual asset allocation, which is the mix of asset classes that a fund has at any moment.

We aim to invest in...

Tactical asset allocation

What is a tactical asset allocation? Tactical asset allocation is when you move away from your target asset allocation to buy more of something that you think attractive (or to sell out of markets you think are unattractive). In the jargon, as a matter of tactics you go over-weight to a particular asset class (or maybe under-weight if you think something is unlikely to give good returns in the coming months).

We have chosen the following tactical asset allocation for Summer Balanced Selection

These can move in line with market movements and we review the portfolio and adjust asset allocation accordingly.

The date of the last review was: 09/06/2022

Summer Balanced Selection Allocated %
New Zealand cash 7.50%
New Zealand fixed interest 26.00%
International fixed interest 11.50%
Total income assets 45.00%
New Zealand equities 11.50%
Australian equities 14.50%
Listed property 5.00%
International equities 24.00%
Total growth assets 55.00%
Total portfolio 100.0%

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Risk indicator

The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and down along the way.


This fund started on 16/9/2016. We’ve calculated the risk indicator using market index return data for periods before that date, and actual fund return data for the remainder of the five-year period to 30/9/2021. Using market index return data may make the risk indicator a less reliable indicator of how much fund values might go up and down in future. If a fund mainly invests into another fund with a higher risk indicator, we’ve used that higher number.

Minimum suggested investment timeframe

At least five years 

Morningstar performance

Morningstar, are a leading global provider of independent investment research that rank and report on Funds within New Zealand and Australia. View the latest Fund Report for Summer Balanced Selection here.

Fund manager

The investment manager is Octagon Asset Management who is responsible for the day to day investment management for each of the funds. Learn more about Octagon Asset Management.

Further information can be found in the product disclosure statement or Quarterly Fund Updates

Are you ready to join Summer? It's quick and easy to complete the form to get the process underway. Just have your IRD number and drivers licence or passport ready.

Join the Summer KiwiSaver scheme  


On the 8 April 2019 the Summer Investment Selection was renamed the Summer Balanced Selection.