Milford Active Growth Fund

(Previously the Milford Aggressive Fund)

The Milford Active Growth Fund’s objective is to generate positive annual returns of at least 10% (after fees and before tax) in good markets and bad.

To achieve this, the Fund is actively managed and will usually be primarily invested directly in shares in New Zealand and Australian companies. However, it can hold material levels of cash and bonds when attractive opportunities are scarce and the prospect for share markets is poor.

How has the Fund been performing and what is the Funds’ current strategy?

Please click here to get the latest update for the Milford Active Growth Fund.
Please note that past performance is no guarantee of future returns.

Who is the Active Growth Fund suitable for?

The Active Growth Fund is more suited to investors who want Milford to actively manage their investments and make the decision about when to increase or decrease their exposure to shares. The Active Growth Fund focuses on New Zealand and Australian investments. The Fund looks to preserve capital in addition to generating growth. Because of this the Active Growth Fund may hold significant amounts of cash and may underperform in a strongly rising market. However, if Milford can successfully avoid losses in falling markets, the Active Growth Fund is more likely to perform well over time with less volatile returns.

Key features of the Milford Active Growth Fund

 

Milford Active Growth Fund

Recommended Investment timeframe

At least five years

Investment Return Target / Benchmark

A return of 10% p.a. (after fees and before tax)

Investment policy

To actively manage shares in New Zealand and Australian listed companies, and also potentially shares in unlisted companies, cash and bonds. The Fund can borrow, short-sell securities and use derivative products

Distribution Policy

No distributions are made by this Fund

Valuations

Daily

Minimum Initial Investment

$10,000 or at Milford’s discretion

Commencement Date

1 October 2007