tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Wednesday, August 5th, 5:59PM

News

rss
Latest Headlines

Castle Point fund washes up on KiwiSaver platform

The actively managed Castle Point 5 Oceans Fund is now available as a KiwiSaver option, on a largely passive platform.

Monday, July 27th 2020, 6:00AM

The 5 Oceans Fund has been added to the Smartshares-owned SuperLife platform which mainly has exchange traded funds.

Smartshares chief executive Hugh Stevens admits an active fund like 5 Oceans doesn't fit the firm's philosophy, but it is about giving customers choice.

"It's not necessarily our house philosophy," he says. However, the business does use this fund and funds from T. Rowe Price and Schroders for its pension schemes used by governments in Nauru and Tonga.

The $65 million 5 Oceans Fund is a diversified fund that invests in New Zealand and global securities.  It also invests in strategies that have the specific purpose of reducing the impact of market crashes. 

Castle Point co-founder Richard Stubbs says 5 Oceans is a "more practical approach to building a balanced fund."

He says the fund's strategies to protect on the downside is a key differentiator to other funds. 

"A lot of assumptions used to build a (traditional) balanced fund fall apart when there is a Black Swan event."

"This was particularly apparent in March when the fund was only down 1.1% versus the median balanced fund in the Aon survey, which was down 9.0%."

Stevens says SuperLife isn't necessarily looking to add more active funds to its platform.

He says any decisions are driven by the needs of its corporate superannuation clients.

"We are not going to expand massively in the platform space," he says.

SuperLife is wholly owned by the New Zealand Stock Exchange (NZX).  The SuperLife platform currently gives KiwiSaver investors choice and flexibility.

 

Tags: Active v Passive Castle Point Funds Management Smartshares Superlife

« Zenith New Zealand research on hold due to Covid-19Trusted Adviser mark achievable for all members over time: Shanks »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 2.55 2.69 2.79
ANZ 4.44 3.15 3.25 3.39
ANZ Special - 2.55 2.69 2.79
ASB Bank 4.45 2.55 2.69 2.79
Bluestone 3.49 3.49 3.49 3.49
BNZ - Classic - 2.55 2.69 ▼2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 ▼3.15 3.29 ▼3.39
BNZ - TotalMoney 4.55 - - -
CFML Loans 5.50 - - -
Lender Flt 1yr 2yr 3yr
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 3.35 3.85 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 4.35 4.45 -
HSBC Premier 4.49 2.45 2.60 2.65
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 3.69 2.55 2.65 2.79
Kainga Ora 4.43 3.29 3.39 3.85
Kiwibank 3.40 3.30 3.54 3.54
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.55 2.79 2.79
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Resimac ▼3.39 3.45 ▼2.99 ▼3.35
SBS Bank 4.54 3.09 3.19 3.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 2.59 2.69 2.99
The Co-operative Bank - Owner Occ 4.40 2.55 2.69 2.99
The Co-operative Bank - Standard 4.40 3.05 3.19 3.49
TSB Bank 5.34 3.35 3.49 3.79
TSB Special 4.54 2.55 2.69 2.99
Wairarapa Building Society 4.99 3.65 3.69 -
Westpac 4.59 4.15 4.09 4.49
Westpac - Offset 4.59 - - -
Westpac Special - 2.55 2.69 2.79
Median 4.55 3.12 3.19 3.17

Last updated: 4 August 2020 11:33am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com