The Foundation Series Total World Fund (the Fund) is a PIE-compliant New Zealand-domiciled fund within the Foundation Series Funds Scheme. FundRock NZ Limited is the issuer and manager of the Fund, and InvestNow Saving and Investment Service Limited (InvestNow) is the investment manager.
The Fund aims for high long-run returns by investing in an exchange traded fund (ETF) that provides exposure to shares of large, mid-sized and small companies listed on international stock markets. The Fund seeks to provide broad global equity market exposure through a low-cost investment approach.
Investment Manager
InvestNow Saving and Investment Service Limited.
Investment Policy and Objectives
The Fund provides investors with access to a low-cost, globally diversified portfolio of international equities through an underlying ETF selected by InvestNow. Its 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 an ETF that provides exposure to thousands of companies across developed and emerging markets worldwide. The portfolio provides diversification across countries, sectors and company sizes, giving investors broad access to global share markets through a single investment.
InvestNow's investment philosophy is based on the following principles:
Broad diversification across global markets can help reduce company-specific and regional risks.
Long-term investment returns are primarily driven by exposure to global share markets.
A passive investment approach provides efficient and cost-effective access to international equities.
Maintaining broad market exposure helps investors participate in long-term global economic growth.
Keeping investment costs low is an important contributor to long-term investor outcomes.
Benchmark
The investment benchmark for the Fund is the FTSE Global All Cap Unhedged to NZD Net Tax (US RIC) Index.
Minimum Investment Timeframe
7+ Years.
Further Information
Fund updates for previous quarters are available on the Disclose Register. Choose ‘Search for an offer’ and search for ‘Foundation Series Funds’ as the Offer name at https://disclose-register.companiesoffice.govt.nz.
