From 1^st August, we are reducing the fees on two of our funds. The fee for both Harbour NZ Corporate Bond Fund and Harbour NZ Equity Advanced Beta Fund are now 0.45% pa, including management and other costs, excluding GST.

These funds are two of our most cost-effective solutions. The Advanced Beta Fund draws on the detailed quantitative research, specifically factor analysis, which underpins all Harbour’s equity funds. The Corporate Bond Fund draws on the credit research which underpins our Core Fixed Interest and Income Funds.

We have been working on reducing outsourced costs and, as these funds have grown, the fixed costs are also spread across higher FUM. We want to share the improvement in costs with our investors.