The Russell Investments NZ Shares Fund (the Fund)* is a PIE-compliant New Zealand-domiciled fund with investments managed by Russell Investments. FundRock NZ Ltd is the issuer and manager of the Fund. The Fund is registered as an offer within a Managed Investment Scheme under the Financial Markets Conduct Act 2013 and is regulated by the FMA.
The Fund objective is to provide a total return, before costs and tax, higher than the S&P/NZX 50 Index (gross and including imputation credits) over the long term.
Strategy: The underlying investment exposure is typically comprised of a broad range of shares and other equity securities listed on the NZX. This may include derivative instruments which may be used to obtain or reduce exposure to securities and to hedge any Australian dollar exposure. Investment in Australian shares will generally be in those companies which have a listing on the NZX.
*As at 3 September 2014 the Fund became the Russell Investments NZ Shares Fund.
