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Fidelity Life hooks up with global giant

KiwiSaver provider Fidelity Life has teamed up with giant global investment manager Dimensional to launch two new funds.

Wednesday, February 27th 2013, 8:13AM 1 Comment

by Niko Kloeten

Fidelity Life is launching the Asset Class Conservative Kiwi Fund and the Asset Class Growth Kiwi Fund, which will both have DFA Australia (Dimensional) as their primary fund manager.

Dimensional manages more than US$270 billion in assets globally.

It has close links with leading academics in the field of modern finance, including Gene Fama and Ken French and Nobel Laureates Merton Miller, Myron Scholes and Bob Merton.

Normally, access to investing with Dimensional in New Zealand is restricted to a select number of accredited financial advisers and institutions; however, the Fidelity KiwiSaver Scheme now allows KiwiSaver members the opportunity to utilise the Dimensional investment approach.

Further details about the funds and Fidelity’s deal with Dimensional will be provided at a briefing today.

Niko Kloeten can be contacted at niko@goodreturns.co.nz

« Hedge funds offered as point of differenceASB's KiwiSaver for adviser closed »

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Comments from our readers

On 4 March 2013 at 8:21 am Collin said:
DFA's funds in other countries come with surprising high fees and I hope that that will not be the case with these funds. As DFA employ an index or index-plus approach high fees virtually guarantee below index performance.
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AMP Home Loans $200k+ 7.14 5.89 6.29 6.55
AMP Home Loans LVR <80% - - 5.85 6.29
ANZ 6.74 ▲6.15 6.49 ▼6.49
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ANZ Special - 5.75 5.99 -
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ASB Bank Special - - 5.99 6.19
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BankDirect Special - - 5.99 6.19
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BNZ - GlobalPlus 6.74 5.99 6.39 6.59
BNZ - Mortgage One 7.15 - - -
BNZ - Rapid Repay 6.74 - - -
BNZ - Std, FlyBuys 6.74 5.99 6.39 6.59
BNZ - TotalMoney 6.74 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 5.90 6.50 -
Credit Union North 6.45 - - -
Credit Union South 5.75 - - -
eMortgage 6.04 6.15 6.69 7.19
Finance Direct 6.10 6.45 6.69 7.10
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First Credit Union 6.45 - - -
General Finance 5.95 6.25 6.50 7.10
HBS Bank 6.15 5.85 5.99 6.25
HBS Special - - - 5.95
Heartland 6.45 6.75 7.00 7.60
Heretaunga Building Society ▲6.70 ▲6.00 6.50 -
Housing NZ Corp 6.74 5.99 6.19 6.60
HSBC Premier 6.84 5.95 5.95 6.55
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 6.75 5.99 6.39 -
Lender Flt 1yr 2yr 3yr
Kiwibank 6.65 5.99 6.39 6.65
Kiwibank - Capped 5.65 6.50 - -
Kiwibank - Offset 6.55 - - -
Kiwibank LVR > 80% - - 5.89 -
Liberty 5.64 - - -
Napier Building Society 5.80 6.00 6.70 -
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NZ Home Loans 6.85 6.09 6.40 6.65
Perpetual Trust 7.70 - - -
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RESIMAC LVR < 85% - - - -
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RESIMAC LVR < 90% - - - -
RESIMAC LW DOC - - - -
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SBS Bank Special - - - 5.95
Silver Fern 5.95 6.10 6.55 7.05
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TSB Special - - ▼5.79 -
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Westpac Special - - 5.99 6.19
Median 6.70 6.00 6.39 6.59

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