OneAnswer KiwiSaver Scheme International Share Fund

Fund report as at 30 June 2019
 

How has the fund performed?

Performance as at 30 June 2019

3 months

1 year

3 years (pa)

5 years (pa)

Since launch

6.02%

8.46%

14.99%

13.44%

7.16%

Performance is after the annual fund charge, and before tax and membership fees (if applicable). For more information, see legal information and disclaimers.

What happened this quarter (3 months to 30 June 2019)

  • It was a volatile period for equity markets, which fell in May, but recovered to end the quarter mostly higher. The MSCI All Country World Index finished the quarter up 2.5%. The recovery in stock prices was aided in part by central bank policymakers who appeared to reaffirm their ‘lower for longer’ stance on interest rates – a scenario that has boosted equity markets during the recent bull market cycle.
  • All four underlying managers delivered positive returns during the three-month period, with Vontobel the best-performing of the four funds returning 8.55%, thanks to strong gains in the tech and financial sector. Two of the standout stocks were Mastercard, which gained more than 14% and Microsoft, which rose 15.6%. Microsoft became the largest US company by market cap, with its total value topping $1 trillion for the first time.
  • Elsewhere, MFS had a solid quarter, returning 7.21%. Among the best-performing stocks for the fund was Walt Disney, which rose more than 25% over the quarter, thanks in part to the company’s announcement of its streaming service, Disney+.
  • LSV added 3.74% over the quarter, while Franklin Investments returned 3.73%.

Need more information?

  • Read our Market Review for more information on investment markets
  • Key read: why it’s wise not to try to time the market or chase returns

What does the fund invest in?

The fund invests mainly in New Zealand and Australian equities. Investments may include:

• equities in companies that are listed or intend to list on the New Zealand or Australian stock exchanges, and
• cash and cash equivalents.

This chart shows the mix of assets that the fund generally intends to invest in.

See the fund's actual investment mix on page 3 of the Fund update.