Australasian Equity Fund – Retail

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The investment objective of the Fund is to achieve a gross return of 5.0% per annum above the benchmark return over full market cycles, gross of fees and tax. The benchmark from 1 July 2016 is now the S&P NZX50 Index. The Fund provides actively managed exposure to New Zealand and Australian listed equities. The Fund typically holds 25 to 45 listed equities and can hold up to 40% in Australian equities.

Monthly Fund Fact Sheet

Investment Style

Harbour believes in a growth orientated active investment management approach to generate out-performance for a client's portfolio. Harbour's investment process seeks to identify companies with strong prospective growth in earnings which are under-appreciated by the market. We combine the talents of Harbour's experienced analysts (who place fundamental ratings on companies) with quantitative analysis of growth and quality factors such as Return on Equity. We believe that the combination of bottom up company research with consistent screening across the market provides a disciplined approach to investing.

Investment process details

Investor Suitability

This Fund actively invests in New Zealand and Australian listed equities and therefore total returns may be volatile. This Fund may be suitable for investors with a long-term investment horizon.

In making investment decisions it is important that retail investors seek and obtain any investment advice they require from their usual investment advisor.

Independent Reviews

Morningstar - Gold

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Performance to 30 November 2017 *

Return (after deductions for charges and tax) **

1 Mth 3 Mth 1 Yr 2 Yr 3 Yr 5 Yr
0.58% 7.88% 26.35% 19.05% 16.66% 17.04%

Return (after deductions for charges but before tax)

1 Mth 3 Mth 1 Yr 2 Yr 3 Yr 5 Yr
0.63% 8.16% 27.38% 20.04% 17.72% 18.26%

Market index return (reflects no deduction for charges and tax)

1 Mth 3 Mth 1 Yr 2 Yr 3 Yr 5 Yr
0.56% 5.25% 20.22% 17.28% 16.14% 16.58%

The Market Index for this Fund is: S&P/NZX50 Index.

* Returns for periods less than a year are for the relevant period and not annualised; those of one or two years are annualised for the period shown. Past performance is not indicative of future results.

** Returns are after tax at the highest prescribed investor rate (PIR) of tax for an individual New Zealand resident. Your tax may be lower.

Australasian Equity Fund Absolute Sector Weights November 2017

Unit Price (NZD)

4 December 20172.5965
30 November 20172.5920
27 November 20172.5901
20 November 20172.5580
13 November 20172.5441
6 November 20172.5555
31 October 20172.5768
30 October 20172.5775
24 October 20172.5730
16 October 20172.5599
9 October 20172.5317
2 October 20172.4955
29 September 20172.4866
25 September 20172.4487
18 September 20172.4211
11 September 20172.4436
4 September 20172.4051
31 August 20172.4025
28 August 20172.3964
21 August 20172.3808
14 August 20172.3496
7 August 20172.3505
31 July 20172.3097
24 July 20172.2904
17 July 20172.3182
10 July 20172.2774
3 July 20172.2832
30 June 20172.2957
26 June 20172.2783
19 June 20172.2763
12 June 20172.2137
6 June 20172.2188
31 May 20172.2162
29 May 20172.2146
22 May 20172.2232
15 May 20172.2484
8 May 20172.2523
1 May 20172.2455
28 April 20172.2374
24 April 20172.1818
18 April 20172.1946
10 April 20172.2076
31 March 20172.1944
27 March 20172.1475
20 March 20172.1520
13 March 20172.1715
6 March 20172.1471
28 February 20172.1163
27 February 20172.1028
20 February 20172.1236
13 February 20172.1255
7 February 20172.0812
31 January 20172.0690
30 January 20172.0743
24 January 20172.0735
16 January 20172.0942
9 January 20172.0801
4 January 20172.0738
30 December 20162.0419
28 December 20162.0440
19 December 20162.0227
12 December 20162.0401
5 December 20162.0394
30 November 20162.0503
28 November 20162.0677
21 November 20162.0432
14 November 20162.0479
7 November 20162.0305
31 October 20162.0496
25 October 20162.0759
17 October 20162.0769
10 October 20162.1036
3 October 20162.1493
30 September 20162.1450
26 September 20162.1147
19 September 20162.1953
12 September 20162.0837
5 September 20162.1540
31 August 20162.1286
29 August 20162.1275
22 August 20162.1706
15 August 20162.1783
8 August 20162.1570
29 July 20162.1485
25 July 20162.1429
18 July 20162.0866
11 July 20162.0521
4 July 20162.0245
30 June 20162.0061
27 June 20161.9478
20 June 20162.0113
13 June 20162.0257
7 June 20162.0746
31 May 20162.0753
30 May 20162.0737
23 May 20162.0282
16 May 20162.0414
9 May 20162.0226
29 April 20161.9846
26 April 20161.9985
18 April 20162.0179
11 April 20161.9840
31 March 20161.9937
29 March 20161.9670
21 March 20161.9678
14 March 20161.9649
7 March 20161.8969
29 February 20161.8396
31 January 20161.8407
31 December 20151.9017
30 November 20151.8265
31 October 20151.7687
30 September 20151.6454
31 August 20151.6770
31 July 20151.7514
30 June 20151.6840
31 May 20151.7133
30 April 20151.6708
31 March 20151.6718
27 February 20151.7182
30 January 20151.6869
31 December 20141.6423