You'll find us at the top
ASB Investment Funds ranked first for 12 month returns in the Conservative fund category, with top three performance across Moderate and Balanced categories (Morningstar, December 2025)*. And because we don't charge administration or performance fees, more of your money stays invested and working for you.
Fund returns
The tables below show the ASB Investment Funds fund returns as at 31 March 2026. Click to expand.
Returns after tax and after fees
Assuming the highest Prescribed Investor Rate (PIR). The returns are calculated on the assumption that all foreign tax credits are fully utilised by the investor.
1 month | 3 months | 6 months | 1 year | 3 years (p.a.) | 5 years (p.a.) | 10 years (p.a.) | Since Inception (p.a.) | |
|---|---|---|---|---|---|---|---|---|
Conservative Fund | -1.67% | -0.58% | 0.13% | 5.03% | 5.09% | 2.21% | 2.86% | 3.11% |
Conservative Plus Fund | -1.94% | -0.93% | -0.04% | 5.90% | 5.82% | 2.62% | 3.46% | 3.36% |
Moderate Fund | -2.33% | -1.30% | -0.26% | 6.76% | 6.66% | 3.22% | 4.03% | 3.69% |
Balanced Fund | -3.16% | -2.38% | -0.88% | 8.78% | 8.57% | 4.62% | 5.82% | 4.51% |
Growth Fund | -3.89% | -3.37% | -1.42% | 10.74% | 10.09% | 5.84% | 7.19% | 4.99% |
Aggressive Fund | -4.31% | -4.17% | -1.76% | 12.25% | 13.14% | |||
World Shares Fund | -3.04% | -6.78% | -4.62% | 10.86% | 14.32% | 9.55% | 10.20% | 6.35% |
Returns before tax and after fees
1 month | 3 months | 6 months | 1 year | 3 years (p.a.) | 5 years (p.a.) | 10 years (p.a.) | Since Inception (p.a.) | |
|---|---|---|---|---|---|---|---|---|
Conservative Fund | -2.05% | -0.60% | 0.21% | 5.96% | 6.13% | 2.55% | 3.37% | 4.04% |
Conservative Plus Fund | -2.34% | -0.94% | 0.05% | 6.85% | 6.84% | 3.00% | 3.99% | 4.30% |
Moderate Fund | -2.74% | -1.32% | -0.19% | 7.70% | 7.65% | 3.65% | 4.62% | 4.67% |
Balanced Fund | -3.54% | -2.36% | -0.75% | 9.71% | 9.51% | 5.15% | 6.50% | 5.54% |
Growth Fund | -4.25% | -3.31% | -1.23% | 11.69% | 10.97% | 6.48% | 7.96% | 6.03% |
Aggressive Fund | -4.69% | -4.07% | -1.52% | 13.23% | 14.03% | |||
World Shares Fund | -3.58% | -6.65% | -4.37% | 11.86% | 15.00% | 10.11% | 10.90% | 7.29% |
Returns are a reflection of past performance and are not a guarantee or indication of future performance because returns fluctuate (move up and down). Returns can be negative and you may receive back less than the total amount of your contributions.
Applications for units in the World Shares Fund will only be accepted from:
a. wholesale investors; or
b. discretionary investment management service (DIMS) licensees where the DIMS licensee decides to buy the units on behalf of a person in the course of supplying a DIMS to the person.
News and views
March Wrap Up: A month of uncertainty
Recent geopolitical turmoil has driven market volatility, raising concerns about higher inflation, weaker economic growth and the impact on asset prices. We step back from the headlines to show how history, discipline and a clear investment process can help investors stay focused on long‑term objectives during periods of market stress - and how ASB portfolios are positioned.
Read more in the March wrap up.
Quarterly Economic Forecasts
- The economy does look like it is turning the corner after a rocky ride since last year's sharp recession
- The evidence of green shoots has been a bit more obvious in some areas lately
- We expect growth will pick up to hit an above annual trend pace of 2.5+% growth over 2026 as better cashflows start to leak out of people's wallets
Read more in our latest Quarterly Economic Forecasts report.
*Per annum returns based on after fees and before tax 12 month performance data from Morningstar (NZ Multisector Fund Universe) as at 31 December 2025. Past performance is not a guarantee or indication of future performance.
Important notes on fund return tables
- Returns are for periods after the commencement of PIE status. For all funds (except for the Aggressive Fund) this was 1 October 2007. Contributions were first invested into the Aggressive Fund on 22 November 2023.
- The returns are calculated on the change in exit price of the units in each fund for the period, adjusted for tax credits, and are the returns on funds invested at the beginning of the period, with all distributions reinvested and no subsequent withdrawals or additional investments. Returns for periods greater than 1 year are annualised. Returns for periods less than 1 year are not annualised.
Interests in ASB Investment Funds are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides administration and distribution services for ASB Investment Funds. No person guarantees interests in ASB Investment Funds. Interests in ASB Investment Funds are not deposits or other liabilities of ASB. They are subject to investment risk, including possible loss of income and principal invested. For more information see the ASB Investment Funds Product Disclosure Statement available from this website and the register of offers of financial products at www.disclose-register.companiesoffice.govt.nz (search for ASB Investment Funds).