Te Ahumairangi Investment Management

04/03/2025

We are pleased to note that the InvestNow Te Ahumairangi Global Equity Fund (Fund) was the best performing International Share fund over the 3 years to 31 December 2024 according to the latest Morningstar KiwiSaver Survey (out of 22 KiwiSaver funds surveyed by Morningstar which had at least a 3 year track record). The Fund also achieved higher returns over the 3 years to 31 December 2024 than any of the 103 Multi-Sector KiwiSaver funds surveyed by Morningstar.
You can find the Morningstar survey at https://www.morningstar.com.au/insights/funds/260205/kiwisaver-survey-december-quarter-2024 .
The Fund is part of the InvestNow KiwiSaver Scheme which is issued by FundRock NZ Limited. People considering investing in this Fund should read the product disclosure statement available athttps://cdn.investnow.co.nz/20241203123316/InvestNow-KiwiSaver-Scheme-Te-Ahumairangi-Global-Equity-Fund-PDS-29-November-2024-1.pdf and be aware that past performance is not a reliable indicator of future performance.

15/11/2024

Watch an interview that our Chief Investment Officer, Nicholas Bagnall, did with Jason Choy of InvestNow a couple of months ago.

09/02/2024

We have updated our website ( https://teahumairangi.co.nz ) to include the Monthly Fact Sheet for the Te Ahumairangi Global Equity Fund for January 2024, which you can access using this link: https://teahumairangi.co.nz/our-fund/fund-updates/details/4 .
The Te Ahumairangi Global Equity Fund delivered a post-fee pre-tax return of +4.06% in January 2024. It has returned +19.19% over the past 12 months, and +12.97% per annum since the launch of the fund in November 2021. These returns (all after fees but before taxes) compare favourably to the fund’s benchmark, which has returned +7.94% per annum since the fund was launched.

The issuer of the Te Ahumairangi Global Equity Fund is FundRock NZ Ltd. More information about Te Ahumairangi Investment Management and the Te Ahumairangi Global Equity Fund, including the Product Disclosure Statement, can be found on our website at https://teahumairangi.co.nz/ . People considering investing in the fund should read the disclosure materials on the website, and be aware that past performance is not a reliable indicator of future performance.

08/11/2023

We have updated our website ( https://teahumairangi.co.nz ) to include the Monthly Fact Sheet for the Te Ahumairangi Global Equity Fund for October 2023, which you can access using this link: https://teahumairangi.co.nz/our-fund/fund-updates/details/4 .
The Te Ahumairangi Global Equity Fund delivered a post-fee pre-tax return of +1.83% in October 2023. It has returned +15.19% over the past 12 months, and +11.27% per annum since the launch of the fund in November 2021. These returns (all after fees but before taxes) compare favourably to the fund’s benchmark, which has returned +5.23% per annum since the fund was launched.
The issuer of the Te Ahumairangi Global Equity Fund is FundRock NZ Ltd. More information about Te Ahumairangi Investment Management and the Te Ahumairangi Global Equity Fund, including the Product Disclosure Statement, can be found on our website at https://teahumairangi.co.nz/ . People considering investing in the fund should read the disclosure materials on the website, and be aware that past performance is not a reliable indicator of future performance.

Fund UpdatesView monthly fact sheets and quarterly updates for the fund , Your investing dollars can now access the world in an intelligent manner at fair feesTe Ahumairangi. Global equity specialists

13/10/2023

We have updated our website ( https://teahumairangi.co.nz ) with new commentary and information. Recent additions to our website include:
• The Monthly Fact Sheet for the Te Ahumairangi Global Equity Fund for September 2023, which you can access using this link: https://teahumairangi.co.nz/our-fund/fund-updates/details/4 . The fund declined -3.02% in September, due to weakness in global equity markets. This was an outperformance in comparison to our benchmark index, which declined by -4.55%.
• Copies of articles that our Chief Investment Officer has written over the past few months. These are titled: “What Drives Margins?”; “Forecasting Long-Run Returns from the US share market”; and “Risk in Retirement”. You can access these articles using this link: https://teahumairangi.co.nz/research-and-commentary/ .
• We also update the unit price on our website daily. You can find it here: https://teahumairangi.co.nz/unit-price/

The issuer of the Te Ahumairangi Global Equity Fund is Implemented Investment Solutions. More information about Te Ahumairangi Investment Management and the Te Ahumairangi Global Equity Fund, including the Product Disclosure Statement, can be found on our website at https://teahumairangi.co.nz/. People considering investing in the fund should read the disclosure materials on the website, and be aware that past performance is not a reliable indicator of future performance.

Insights

20/04/2023

The Te Ahumairangi Global Equity Fund has recently grown to over $100 million, as discussed by InvestmentNews (link below).

On behalf of the team at Te Ahumairangi, thank you to all of the investors that have supported us in achieving this milestone.

https://investmentnews.co.nz/investment-news/bagnall-pie-tops-100m/

The issuer of the Te Ahumairangi Global Equity Fund is FundRock NZ Ltd. More information about Te Ahumairangi Investment Management and the Te Ahumairangi Global Equity Fund, including the Product Disclosure Statement, can be found on our website at https://teahumairangi.co.nz/. People considering investing in the fund should read the disclosure materials on the website, and be aware that past performance is not a reliable indicator of future performance.

Investment News provides financial advisers news stories from the financial industry in New Zealand. Subscribe to our free weekly newsletter.

02/03/2023

We are pleased to note that the InvestNow Te Ahumairangi Global Equity Fund (Fund) was the best performing international share fund over the year to 31 December 2022 according to the latest Morningstar KiwiSaver Survey. The Fund also achieved higher returns over the year to 31 December 2022 than any of the multi-sector funds surveyed by Morningstar. The report also shows that the Fund has one of the lowest fees out of the surveyed international share options available in KiwiSaver.

You can find the Morningstar survey at https://www.morningstar.com.au/insights/funds/231829/kiwisaver-survey-december-quarter-2022 .

The Fund is part of the InvestNow KiwiSaver Scheme which is issued by Implemented Investment Solutions Limited. People considering investing in this Fund should read the product disclosure statement available at https://investnow.co.nz/kiwisaver-range-of-managed-funds/ and be aware that past performance is not a reliable indicator of future performance.

KiwiSaver assets increased to NZD 86.5 billion.

18/01/2023

We have updated our website ( https://teahumairangi.co.nz ) to include the Monthly Fact Sheet for the Te Ahumairangi Global Equity Fund for December 2022, which you can access using this link: https://teahumairangi.co.nz/our-fund/fund-updates/details/4 .
Over the 12 months to 30 December 2022, the Te Ahumairangi Global Equity Fund delivered a post-fee pre-tax return of +1.24%. This compares favourably to the fund’s benchmark return of -6.95%. We are pleased to have achieved a positive return in the context of a poor year for global equity markets.

The issuer of the Te Ahumairangi Global Equity Fund is Implemented Investment Solutions. More information about Te Ahumairangi Investment Management and the Te Ahumairangi Global Equity Fund, including the Product Disclosure Statement, can be found on our website at https://teahumairangi.co.nz/. People considering investing in the fund should read the disclosure materials on the website, and be aware that past performance is not a reliable indicator of future performance.

23/12/2022

The InvestNow Te Ahumairangi Global Equity Fund has recently celebrated its first anniversary as an investment option in the InvestNow KiwiSaver Scheme*. At Te Ahumairangi we are proud of the returns this fund has generated since its launch just over a year ago and note that the InvestNow KiwiSaver Scheme’s performance table shows that the Te Ahumairangi Global Equity Fund has been the best performer out of 36 different investment options available through the InvestNow KiwiSaver Scheme over the 12 months to 30 November 2022**. You can see the performance of all the different InvestNow KiwiSaver Scheme investment options available through InvestNow using this link: https://investnow.co.nz/kiwisaver-underlying-fund-performance/

KiwiSaver investors can invest in the fund by switching to the InvestNow KiwiSaver Scheme and then selecting the InvestNow Te Ahumairangi Global Equity Fund as their investment option.***

* Implemented Investment Solutions Limited is the issuer and manager of the Scheme. Important information about the InvestNow KiwiSaver Scheme and a copy of the PDS is available at https://investnow.co.nz/kiwisaver-disclosure-material/ .
** Past investment performance is not a good indicator of future investment performance and potential investors should note that the fund only has a 12-month performance track record, so longer term comparisons are not possible. Also note that many of the other funds included in the InvestNow survey invest in different sectors, which distorts the comparison (only 7 of the funds were focussed entirely on global equities).
*** If required (or if in doubt), we encourage investors to seek financial advice from a financial adviser before making any decision to switch.

InvestNow KiwiSaver Scheme Performance How the underlying funds have historically performed The table below shows the past performance of each of the underlying funds in the InvestNow KiwiSaver Scheme. The InvestNow KiwiSaver Scheme is invested 100% into the underlying funds. Each fund charges the s...

23/12/2022

Need some summer reading?
We have updated our website to include some investing articles that our Chief Investment Officer has written over the past few months. You can access these articles using the following links:

“Truth or bulls**t in financial accounting?”
https://teahumairangi.co.nz/research-and-commentary/truth-or-bullst-in-financial-accounting/

“The stronger US dollar will be a headwind for US big tech earnings”
https://teahumairangi.co.nz/research-and-commentary/the-stronger-us-dollar-will-be-a-headwind-for-us-big-tech-earnings/

“The Perils of Disproportionate Voting”
https://teahumairangi.co.nz/research-and-commentary/the-perils-of-disproportionate-voting/

We have a total of 24 articles on investing topics on our website. You can also access earlier articles using the following link…
https://teahumairangi.co.nz/research-and-commentary/

These articles are intended as a general discussion, and are not intended to offer investment advice to any person.

Insights

13/12/2022

We have updated our website ( https://teahumairangi.co.nz ) to include the Monthly Fact Sheet for the Te Ahumairangi Global Equity Fund for November 2022, which you can access using this link: https://teahumairangi.co.nz/our-fund/fund-updates/ .

As our fund was launched in November 2021, this is the first time that we have been able to publish a 12 month return. Over the 12 months to 30 November 2022, the Te Ahumairangi Global Equity Fund delivered a post-fee pre-tax return of +8.84%. This compares favourably to the fund’s benchmark return of +1.80%.

The issuer of the Te Ahumairangi Global Equity Fund is Implemented Investment Solutions. More information about Te Ahumairangi Investment Management and the Te Ahumairangi Global Equity Fund, including the Product Disclosure Statement, can be found on our website at https://teahumairangi.co.nz/. People considering investing in the fund should read the disclosure materials on the website, and be aware that past performance is not a reliable indicator of future performance.