01. Enquire
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ASB Investment Funds
ASB Investment Funds is a managed investment scheme, and because it's a Portfolio Investment Entity (PIE) it can also increase your after-tax returns.
Benefits at a glance
- Five funds - each has a different risk and reward profile and investment strategy
- All the funds use a diversified mix of local and international investments
- As Portfolio Investment Entities (PIEs), ASB Investment Funds' returns are taxed at a maximum of 28%. If your income tax rate is 30% or 33%, this can improve your after-tax returns
- Each fund has a different investment objective, ranging from conservative to growth. The funds can be invested in income assets, growth assets or a combination of both
- We can recommend the right fund for your investment needs through our Wealth Advisory Service
- If you bank with ASB, you can also see your fund's performance online in FastNet Classic internet banking
Is it right for me?
ASB Investment Funds could be right for you if:
- You have significant funds to invest for the future.
- You want to invest your money without the administrative hassle.
- You want peace of mind your investment is being managed by experts.
- You want 24/7 access to your investment balance and market updates to understand how your investment is doing.
Which funds are available?
Conservative Fund
To provide modest total returns with a negative return expected less than one in every 25 years. For more information, see the latest Fund Update for the Conservative Fund.
Conservative Plus Fund
To provide modest to moderate total returns with a negative return expected less than one in every 10 years. For more information, see the latest Fund Update for the Conservative Plus Fund.
Moderate Fund
To provide moderate total returns with a negative return expected less than one in every seven years. For more information, see the latest Fund Update for the Moderate Fund.
Balanced Fund
To provide moderate to high total returns with a negative return expected less than one in every five years. For more information, see the latest Fund Update for the Balanced Fund.
Growth Fund
To provide high total returns with a negative return expected less than one in every four years. For more information, see the latest Fund Update for the Growth Fund.
View the latest market review and recent returns for the funds in ASB Investment Funds.
Fees
You will be charged fees for investing in ASB Investment Funds. Fees are deducted from your investment and will reduce your returns. If we invest in other funds, those funds may also charge fees. The fees you pay will be charged in two ways:
- regular charges (for example, annual fund charges). Small differences in these fees can have a big impact on your investment over the long term;
- one-off fees (for example, a contribution fee).
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Fund
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Annual fund charges
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Contribution fee
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Conservative Fund
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Conservative Plus Fund
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Moderate Fund
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Balanced Fund
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Growth Fund
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Annual fund charges
The annual fund charges in the table above are an estimated percentage of the net asset value of the fund, based on actual fund charges for the year ending 31 March 2016.
The annual fund charges are:
- our management fee and
- the supervisor's fee and
- costs and expenses (other than trading costs) of:
- the funds and
- other funds managed by us (ASB Wholesale Funds) that the funds directly invest in and
- other funds that the ASB Wholesale Funds directly invest in.
- the funds and
The annual fund charges are charged each day to the fund or underlying fund.
GST is currently payable on the supervisor's fee, costs and expenses and on 10% of the management fee. GST will be added to the fees, together with any other taxes that may be payable in the future.
Contribution fee
The contribution fee is payable on amounts that you invest in ASB Investment Funds unless we tell you otherwise. It will be taken from any lump sum or regular payment you make. You do not pay a contribution fee when you switch between funds.
More information about fees can be found in the Other Material Information document and the ASB Investment Funds Product Disclosure Statement, which can be obtained by calling 0800 108 084 or by emailing invest@asb.co.nz
Get started today
02. Understand
Tell us what you want to achieve. We'll prepare an investment plan just for you.
03. Invest
Understand your investment plan and have your investment set up.
04. Review
Regular investment reviews with your ASB Wealth Manager help you stay on track.
Guides to get you there
Invest now with ASB
Get more with ASB
Understand our investment advice process
If you’d like to know more about our investment advice process and how we invest your money, check out our Wealth Advisory service.
Check-in anywhere, anytime with ASB
Whether you’re an early bird or a night owl, you can check your investment balance online, anytime.
Premium or Private Banking
If your investment needs go beyond the everyday, you might qualify for Premium or Private Banking. Get a dedicated Private or Premium Banker on call to help you with your complex banking needs, plus access to key specialists across the ASB Group.
Learn more with our market updates
Check our ASB Investment Funds Market Review and our economic research centre for market updates and economic reports to help you keep up to date.
We’re here to help you
Frequently asked questions
Manage your investments
A Product Disclosure Statement for ASB Investment Funds has been lodged with the Registrar of Financial Service Providers. It is available by emailing invest@asb.co.nz.
ASB Wealth Managers' disclosure statements are available on request and free of charge from your ASB Wealth Manager.
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 the register of offers of financial products at www.business.govt.nz/disclose (search for ASB Investment Funds).
