Summer Growth Selection

Summary of investment objective and strategy

We aim to achieve long-term returns (before fees, taxes and other expenses) greater than a composite benchmark relating to the target investment mix.*

Investors can expect:

  • high levels of movement up and down in value
  • longer-term returns that are higher than those of the Summer Balanced Selection (but with more risk).

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 Growth 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: 17/09/2024

Summer Growth Selection Allocated %
New Zealand cash 3.00%
New Zealand fixed interest 10.00%
International fixed interest 7.00%
Total income assets 20.00%
New Zealand equities 17.00%
Australian equities 14.00%
Listed property 8.00%
International equities 41.00%
Total growth assets 80.00%
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.


* The composite benchmark for each multi-asset class fund is a made up of the single asset class benchmarks weighted by the target asset allocation for the asset class. The single asset class benchmarks are the same as the benchmarks for our single asset class funds.

Minimum suggested investment timeframe

At least five years. 

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