The Fund invests in very large capitalisation stocks and ETFs listed on the NYSE and Nasdaq stock markets.
The Fund’s primary objective is to deliver long-run pre-tax returns (but after fees and expenses) that are at least 2% pa above the return of the MSCI All Country World Net Index. The Fund’s secondary objective is to minimise the number of “losing years” – that is financial years where investors receive a negative return, or loss, rather than a positive return.
The Fund may use the leverage of up to 30% of NAV. The Fund’s foreign currency exposures are not hedged back to New Zealand dollars. These features mean that the Fund will not be appropriate for all investors.
