Milford Trans-Tasman Fund
(Previously the Milford Peak Fund)
The Milford Trans-Tasman Fund’s objective is to outperform a mix of 50% ASX 200 Total Return Index (in NZ dollars) and 50% NZX 50 Portfolio Index.
The Fund normally has more than 80% invested in New Zealand and Australian shares and will more closely track the performance of markets compared to the Active Growth Fund. It focuses on companies that Milford believes are in attractive industries, have a strong competitive position and excellent management and Board.
How has the Fund performing and what is the Funds’ current strategy?
Please click here to get the latest update for the Milford Trans-Tasman Fund.
Please note that past performance is no guarantee of future returns.
Who is the Trans-Tasman Fund suitable for?
The Trans-Tasman Fund is more suited to investors who want to access New Zealand and Australian share market returns but want the benefit of Milford’s ability to actively select companies which are expected to outperform others. The Trans-Tasman Fund is expected to generally outperform the Milford Active Growth Fund in rising markets and underperform the Active Growth Fund in falling markets. Therefore, the Milford Trans-Tasman Fund is expected to be more volatile than the Milford Active Growth Fund.
Key features of the Milford Trans-Tasman Fund
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Milford Trans-Tasman Fund |
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Recommended Investment Time Frame |
At least five years |
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Investment Return Target / Benchmark |
To exceed a mix of 50% ASX Total Return Index (in NZ dollars) and 50% NZX 50 Portfolio Index |
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Investment Policy |
To actively manage a portfolio of mainly New Zealand and Australian listed companies and cash, and potentially unlisted New Zealand companies and unit trusts. The Fund can short-sell securities and use derivative products. |
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Distribution Policy |
No distributions are made by this Fund |
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Valuations |
Daily |
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Minimum Initial Investment |
$10,000 or at Milford’s discretion |
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Commencement Date |
1 October 2007 |
