The Foundation Series Balanced Fund (the Fund) is a PIE-compliant New Zealand-domiciled fund with investments managed by InvestNow Savings and Service Limited (InvestNow). FundRock NZ Ltd is the issuer and manager of the Fund. The Fund is registered as an offer within a Managed Investment Scheme under the Financial Markets Conduct Act 2013 and is regulated by the FMA.
The Fund provides investors with access to low cost diversified portfolio of assets. It aims for mid-range long-run returns by investing in a diversified portfolio with a balance of income and growth assets. The Fund invests in a variety of asset classes and investment can be either directly in securities (including derivatives) or via a suitable fund, both in New Zealand and internationally.
InvestNow is the investment manager for the Fund. InvestNow selects underlying funds and/or appoints investment managers.
| Investment Manager | InvestNow Saving and Investment Service Limited |
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| Investment Policy and Objectives | Provides exposure to a range of asset types and invests in passively and actively managed underlying funds selected by InvestNow. Any international equity exposure will be unhedged. It’s objective is to perform broadly in line with the return of its investment benchmark before fees and tax over the long-term. |
| Investment Strategy | The Fund invests in international equities, Australasian equities, international fixed interest, NZ fixed interest, and cash and cash equivalents. Investment can be either directly in securities (including derivatives) or via a suitable fund.
InvestNow’s investment philosophy is based on the following beliefs:
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| Benchmark | The investment benchmark for the Fund is the weighted average return (before tax, fees and other expenses) of the benchmark indices into which the Fund invests. |
| Minimum Investment Timeframe | 5+ Years |
