Giving you more value
03 August 2023
At ANZ we’re constantly looking for ways to help you get the most out of your investments – from 3 August 2023 we’ve made fee reductions to some of our OneAnswer Single-Asset-Class Funds. Eight of these funds have had their fees reduced, with reductions ranging from 0.01% (International Listed Infrastructure Fund) to 0.15% (Equity Selection Fund).
Previous annual fund charge | New annual fund charge | Reduction | |
|---|---|---|---|
Equity Selection Fund | 1.29% | 1.14% | 0.15% |
Property Securities Fund | 1.16% | 1.10% | 0.06% |
International Property Fund | 1.14% | 1.08% | 0.06% |
New Zealand Share Fund | 1.16% | 1.10% | 0.06% |
International Share Fund | 1.16% | 1.10% | 0.06% |
Balanced Growth Fund | 1.07% | 1.02% | 0.05% |
Australian Share Fund | 1.15% | 1.11% | 0.04% |
International Listed Infrastructure Fund | 0.95% | 0.94% | 0.01% |
Our ongoing commitment
The fee changes to our OneAnswer Single-Asset-Class Funds are part of a suite of fee reductions we’ve made across our funds – part of our continuing commitment to ensuring our fees provide value for money and making it easier for investors to grow their balances. For example, in 2021 we reduced the fees for our New Zealand Fixed Interest Fund and International Fixed Interest Fund by 0.25% and 0.30% respectively.
Newly reduced fees. Same investment expertise
“While we’ve reduced some of our fees, our focus on long-term performance and commitment to providing good investment outcomes for our customers hasn’t changed”, says Rachel Whitelaw, General Manager Product, Funds Management, ANZ. As one of the largest fund managers in Aotearoa, our experienced investment management team follows a consistent and disciplined process for managing investments. We also work with some external fund managers who we believe are among the best in their class.
Important information
ANZ New Zealand Investments Limited (‘ANZ Investments’) is the issuer and manager of the OneAnswer Single-Asset-Class Funds. Important information is available under terms and conditions. Download the guide and product disclosure statement from our documents and forms page.
ANZ Investments is not an authorised deposit taking institution (ADI) under Australian law and investments in the OneAnswer Single-Asset-Class Funds aren’t deposits in or liabilities of ANZ Bank New Zealand Limited, Australia and New Zealand Banking Group Limited, or their subsidiaries (together ‘ANZ Group’). ANZ Group doesn’t stand behind or guarantee ANZ Investments. Investments in the funds are subject to investment risk, including possible delays in repayment, and loss of income and principal invested. ANZ Group won’t be liable to you for the capital value or performance of your investment.
Past performance does not indicate future performance. The actual performance any given investor realises will depend on many things, is not guaranteed and may be negative as well as positive.
This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 736 034, or for more information about ANZ’s financial advice service or to view our financial advice provider disclosure statement see anz.co.nz/fapdisclosure