We’ve made a small change to the investment strategy of the Equity Fund, following a recent review.

What’s changed?

At the end of July 2025, we updated the target investment mix to include a small target to cash and cash equivalents, and to property. The updated mix increases the diversification of the fund, which is expected to reduce volatility of returns. It also improves the liquidity of the fund, facilitating swifter and more efficient rebalancing which will enable the fund to be managed closer to the target investment mix.

There is no change to the fund’s risk profile - it remains a high-risk fund, suitable for long-term investors who are comfortable with ups and downs in pursuit of potential higher returns.

Here’s how the target investment mix of the Equity Fund has changed:

You can find a summary of the Equity Fund at fisherfunds.co.nz/fisher-funds-two/investment-options.

Need some help?

If you have any questions about this change, or about your KiwiSaver account please get in touch with our team or your financial adviser.