How Devon Funds Management describe themselves:
We are an independent investment management business that specialises in building investment portfolios for our clients. We believe our advantage lies in our people – with a dedicated team of investment professionals with over 100 years combined experience in the investment industry both within Australasia and further afield. We’ve worked hard to assemble the right talent with the necessary skills and experience to manage our client’s portfolios.
We take pride in the fact that Devon is independent and wholly owned by its employees and directors, who maintain personal holdings in the Devon Funds, ensuring our investment team’s decisions and our clients’ interests are aligned at all times. We manage in excess of $2.5 billion on behalf of a diverse range of leading New Zealand clients, including the New Zealand Superannuation Fund, Community Trusts, iwi, charities, KiwiSaver schemes, corporates pension schemes and individual investors.
For more information, please visit devonfunds.co.nz
Devon Funds Management investment options
Below is the range of investment options from Devon Funds Management that are available through the InvestNow platform. To see a full range of managed fund investment options available on InvestNow, please click here.
Using the table below:
To view more information about a fund and to view a Product Disclosure Statement, scroll to the right. To see a fund’s description on desktop, hover over the fund name. To see a fund’s description on mobile, click ‘read description’.
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Important Information
- For a description of what each column heading means, please click here.
- The performance figures are for periods ending 30 November 2024.
- Past performance is not a guarantee of future returns. Returns are after fees, before tax and denominated in NZD. Performance figures over 1 year are annualised.
- Performance data is sourced from Morningstar or from the underlying fund manager.
- For any funds offered within the InvestNow KiwiSaver Scheme, the fund performance figures outlined are for the underlying funds that it invests into.
- Please note, the PDS fee is the manager’s estimated total annual fund charge as stated in the Product Disclosure Statement (PDS) for this fund. The Quarterly Fund Update (QFU) Fee is the latest actual total annual fund charge reported by the fund for its most recent financial year, as stated in the fund’s most recent Quarterly Fund Update. Both figures include any applicable GST as well as any performance-based fees if applicable.
- Transaction-based charges may also apply when you buy or sell a fund, which could include buy/sell spreads (as outlined in the buy/sell spread column), entry/exit fees (denoted by * in the buy/sell spread column), or swing pricing adjustments (denoted by ** in the buy/sell spread column). Please see the PDS for full details on the charges that can apply.
- Managed funds in New Zealand must have a standard risk indicator. The risk indicator is designed to help investors understand the uncertainties both for loss and growth that may affect their investment. You can compare funds using the risk indicator – 1 is lower risk and potentially lower returns, while 7 is higher risk and potentially higher returns.
Latest news & updates from Devon Funds Management
InvestNow Market Wrap-Up featuring Devon Funds
September 2024
The past month has been anything but dull for markets. After the “panic attack” at the start of August, global benchmarks rebounded, led by the US indices. The Dow Jones made a new record high.
Second Quarter Sustainability Report 2024
During the quarter, we engaged with Freightways on their decarbonisation targets as we wanted further clarification around how these were developed, and whether they intend on setting a net zero target.
Meeting Half-way
June saw a continuation of this year’s themes, with US equity markets continuing their 20-month bull run, led by the technology sector, and AI-related names in particular. It was another month of milestones.
Lessons from a silent housing crash
The housing market crash doesn’t get a lot of attention – contrast this with periods of volatility in the stock market. Is NZ’s fixation with property part of our Achilles heel?
First Quarter Sustainability Report 2024
During the quarter Fletcher Building announced that both the CEO and Chair would be stepping down amidst several issues, including the well-publicised iPlex pipes issues. This presented governance concerns and we subsequently met with the Chair, Bruce Hassall, to talk these through.
Morningstar Awards 2024
March 2024
The Devon Trans-Tasman Fund has been awarded Fund Manager of the Year: Domestic Equities in 2024, New Zealand.
Good things come to those that wait
After a challenging few months, stock markets have started November brightly. With inflation getting under control, many central banks cooling their jets, and bond yields easing, are equity markets in for a strong end to 2023?
Special Report
The month was a strong one for markets again. The S&P500 gained 3.2%, to record the fifth consecutive month of gains, the longest such run in two years. The Dow notched up a sequence of 13 consecutive daily gains during the month, which was the longest winning streak since 1987.
Devon Funds called out as Responsible Investment Leader
Devon Funds has been named a Responsible Investment Leader by the Responsible Investment Association Australasia (RIAA) in its landmark annual study launched today. This recognises our commitment to responsible investing and attributes as an investment manager.
A month of contrasts
The month of August was a contrasting one for markets with concerns over global economic growth, the persistence of inflation, and central bank tightening largely easing the more the month wore on. The earnings season in the Northern Hemisphere was largely positive, with the majority of companies beating earnings expectations, and outlook statements upbeat in many cases.
Special Report
The month was a strong one for markets again. The S&P500 gained 3.2%, to record the fifth consecutive month of gains, the longest such run in two years. The Dow notched up a sequence of 13 consecutive daily gains during the month, which was the longest winning streak since 1987.
InvestNow Meet the Manager – Devon
We recently asked Devon a few questions about themselves — read Meet the Manager — Devon Funds to see what they said.
Seeing the light
June was a busy month again for markets. Another ‘crisis’ was averted, with the US debt ceiling raised after weeks of negotiations. The notion that the end of a sustained period of interest rate tightening was coming to an end was reinforced by the US Federal Reserve which paused interest rates, ending a string of 10 consecutive increases over the previous 18 months …
Devon Funds Media Release
Devon Funds Receives Morningstar Fund Manager of the Year: Domestic Equities Award for Dividend Yield and Trans-Tasman Funds…
Devon Funds Sustainability Report 2023
A critical aspect to this dynamic approach has been our recognition of the evolution occurring in Environmental, Governance and Social (ESG) influence…