Managed funds

[Basil]

Sorry guys it is closed.  Yes a great result for May but I note its only up 3.6% since the annual Christmas function 6 months ago.

Lots of work for the guys to do to prove their investment approach works in 2025.

[Dolcile]

I've been really disappointed with my NZ Share Fund, through Simplicity.   Looking at the Salt Dividend Appreciation Fund, KFL and others.   Just for broad nz share exposure. 

[BlackPeter]

I've been really disappointed with my NZ Share Fund, through Simplicity.   Looking at the Salt Dividend Appreciation Fund, KFL and others.   Just for broad nz share exposure. 

Can't really comment on Simplicity. However - NZ Shares didn't do too well over the last couple of years compared to many international markets (and particularly US). Don't think one can blame any particular fund manager for this. Blame our politicians.

Over longer periods looks the performance of the NZX similar to US or European markets, i.e. our time might come again.

NZX underperformance compared to the US might well change with the actions of the orange gorilla trying to make the US economy as small as possible, but time will tell. 

[Dolcile]

I totally agree with you, it isn't a fair comparison to the US/International markets.

However, in this case the 5 year return (before taxes) to May 2025 has been 3.79% pa which is below the market index return of 4.12% pan. 

As well as lagging the index, it is also below a lot of the similar investment options over 5 years:

KFL 5.7% (Adjusted NAV return)
Salt dividend appreciation fund: 5.7%
Salt Core NZ Shares Fund: 4.12%

[Shareguy]

Another good result. Holders since inception have seen their money triple. Analyst job available......

https://discoveryfunds.co.nz/assets/Newsletters/Discovery-June-25.pdf

[Basil]

10.2% is a pretty decent run rate for the half year given all the ructions in the markets this year.

[Shareguy]

Well done Pie

https://www.piefunds.co.nz/Market-Insights/Article/market-update-july-2025

[Dolcile]

I've recently put some funds in the Australasian Dividend Growth Fund and been pleased with the return to date.

[Dolcile]

S&P500 is up nearly 9% YTD.   I'm doing better in my individual stock selection - but on the return to effort ratio it is hard to beat a global index fund IMO.   

[Basil]

Especially if its a PIE fund and they take all the hard work of FIF out of the equation for you.  15.69% for the last 3 years after fees. tax and FIF and there's no work whatsoever and you're well diversified around the world is not to shabby.  https://www.smartinvest.co.nz/funds-and-performance/etfs/international-shares/smart-total-world-etf

[Dolcile]

Yeah exactly, it is outrageous really - especially as it compounds.   Very glad I allocated my capital toward global funds instead of property like so many kiwis.   

[Shareguy]

Congrats on another good month for Discovery


https://discoveryfunds.co.nz/assets/Newsletters/Discovery-July-2025.pdf

[Dolcile]

Very happy with the return this month from the PIE Fund Australian Dividend Fund 7.5% after fees

https://www.piefunds.co.nz/Portals/0/Documents/Investment%20Funds/Fact%20Sheets/2025/DIV.PDF?ver=qe-XbrltDht8R0b4Kr5v2g%3d%3d

[Shareguy]

Very happy with the return this month from the PIE Fund Australian Dividend Fund 7.5% after fees

https://www.piefunds.co.nz/Portals/0/Documents/Investment%20Funds/Fact%20Sheets/2025/DIV.PDF?ver=qe-XbrltDht8R0b4Kr5v2g%3d%3d

Yes great return for Pie. Also very happy holder

[Dolcile]

Very happy with the return this month from the PIE Fund Australian Dividend Fund 7.5% after fees

https://www.piefunds.co.nz/Portals/0/Documents/Investment%20Funds/Fact%20Sheets/2025/DIV.PDF?ver=qe-XbrltDht8R0b4Kr5v2g%3d%3d

With a couple of days to go, it is shaping as another good month for the PIE Funds ADF.  Glad I sold out of my NZX50 fund and moved it to PIE Funds.