Nikko Asset Management on InvestNow
Nikko Asset Management has six managed funds on the InvestNow platform – including New Zealand Fixed Interest Funds, plus International and Australasian Equities.
Learn more about Nikko Asset Management, their investment options available to InvestNow customers plus access their latest news & updates.
Nikko Asset Management is one of 30+ specialist fund managers that have partnered with InvestNow.
How Nikko Asset Management describe themselves:
We actively manage around NZD$8 billion* of investments. We manage domestic assets through our Auckland-based investment teams and employ carefully selected offshore managers to manage global assets. Our history dates back to 1994 when Norwich Union Fund Management was founded in New Zealand. Nikko Asset Management (our parent) is one of Asia’s largest asset managers, providing high-conviction, active fund management across a range of Equity, Fixed Income and Multi-Asset strategies.
*As of 31 Mar 2021
For more information about us, please visit www.nikkoam.co.nz
Nikko Asset Management investment options
Below is the range of investment options from Nikko Asset 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’.
Important Information
- For a description of what each column heading means, please click here.
- The performance figures are for periods ending 31 March 2025.
- 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 Nikko Asset Management
Trust. Will the Old World Survive the New Regimes?
Trust. Will the Old World Survive the New Regimes?
4 March 2025
The focus in the media and amongst most analysts has centred around tariffs and a possible fiscal tightening in the USA – although we would argue that on a cash basis the latter is already happening quite aggressively.
MPS and OCR review
MPS and OCR review
20 February 2025
Hear from Ian Bellew, Senior Fixed Income Manager, Nikko AM as he reviews the Monetary Policy Statement announcement that took place on 19 February 2025.
Why We Should All Pay Attention to NZ
Why We Should All Pay Attention to NZ
7 January 2025
Despite its small size and geographic location, New Zealand has led the World in a number of fields – physics, Postwar economic theory (Bill Phillips was born in NZ), inflation targeting (amongst the first to make this a statutory target), globalization, and of course in many sports.
New Zealand fixed income outlook 2025
New Zealand fixed income outlook 2025
5 December 2024
As our economy sucks on the last fumes of its post-COVID stimuli, you do not have to try too hard to see the glass as half empty right now in Aotearoa.
Investment Light Still shining amid the Economic Gloom
Investment Light Still shining amid the Economic Gloom
20 December 2024
Domestic outlook for late 2025 more positive, but things could get worse before they get better ….
What does the OCR cut mean for the economy and NZ investors?
What does the OCR cut mean for the economy and NZ investors?
October 2024
In this month’s Future Focus episode, we’re diving into the recent 50 basis point cut to the OCR. Matthew Johnson, Senior Fixed Income Manager at Nikko AM breaks down what this decision says about the Reserve Bank’s approach and how it could impact businesses, consumers, and mortgage rates. Join us for a quick, insightful chat on what these changes mean for the economy right now and what to keep in mind going forward.
US 2024 Election
US 2024 Election
26 August 2024
The recent attempted assassination of former President Donald Trump, and President Joe Biden dropping out of this years US elections have rocked the political and financial worlds, sparking market expectations about Trump’s possible electoral triumph. The Dow Jones Industrial Average peaked as the news leaked with PredictIt showing a notable rise in Trump’s likelihood of winning the November election.
Interest rates start tracking lower, bond investor smiles will widen
Interest rates start tracking lower, bond investor smiles will widen
13 August 2024
Relatively speaking, the New Zealand bond market has been on something of a tear recently. Nevertheless, given that of the many investment asset classes we’re perhaps the least inclined towards hyperbole, I think you’d be hard-pushed to find a fixed income manager who would call this – or indeed any other period – a Golden Age.
April 24 Investment Update – Market Commentary
April 24 Investment Update – Market Commentary
Global equity markets finally took a few steps backwards over April after a run of exceptionally strong performance since mid-October last year. Equities and bonds were both weak over the month.
March 24 Investment Update – Market Commentary
March 24 Investment Update – Market Commentary
Markets performed strongly in March, with many of the same trends seen in January and February continuing. This capped off a second-straight strong quarter for global equity markets which rallied consistently from the selloff in October 2023.
Feb 24 Investment Update – Market Commentary
Feb 24 Investment Update – Market Commentary
Global equity markets continued their recent run of strong performance over February. The MSCI ACWI (NZD Hedged) was up 4.7% and closed at another record high, as did the leading indexes in USA, Japan and Europe.
Jan 24 Investment Update – Market Commentary
Jan 24 Investment Update – Market Commentary
Global equity markets performed strongly over the first month of 2024, with new all-time highs for the S&P500 Index in the US, and the highest levels reached for 20 and 40 years for Europe and Japan respectively. Early in the new year bond yields moved higher as markets priced out interest rate cuts in the first quarter.
Dec 23 Investment Update – Market Commentary
Dec 23 Investment Update – Market Commentary
Markets performed strongly in December, continuing from where November left off to close out what has been another remarkable year. Yields fell in most bond markets around the world on hopes major central banks would soon cut rates as inflation readings have continued to soften. The Bloomberg Global Agg Index (NZD Hedged) returned 3.1% for December, and 5.7% for 4Q.
Global macro outlook 2024
Global macro outlook 2024
1 December 2023
In this article, John Vail, Chief Global Strategist, Nikko AM, provides ten predictions for the coming year. From the persistence of high-interest rates by Western central banks to the geopolitical intricacies involving China, Russia, and the US elections, the article offers a nuanced view of the challenges and opportunities ahead.
Repressed Inflation May Bubble to the Surface Next Year
Repressed Inflation May Bubble to the Surface Next Year
1 December 2023
“Whether for year-end management reasons, or as a result of political considerations, it is a fact that the US Federal Reserve has allowed effective monetary conditions to ease over the last month. The public sector has injected more than $200 billion of liquidity into the financial system. It therefore comes as no surprise that financial markets are booming, yields are tumbling and the dollar is weak, a situation that we expect to continue into year-end. It may even continue into 2024 if the politicians have their way.”
Nov 23 Investment Update – Market Commentary
Nov 23 Investment Update – Market Commentary
Markets remained volatile over November, rebounding strongly after three months of weakness. Bonds posted particularly remarkable returns over the month, with some of the sharpest drops in many decades seen in long-term interest rates. The Bloomberg Global Aggregate Index (NZD Hedged) returned over 3.2%, the best monthly return since the early 1990’s.
Expert Insights – Fergus McDonald
Expert Insights – Fergus McDonald
Fergus McDonald, Head of Bonds and Currency at Nikko Asset Management New Zealand, discusses some exciting changes to Nikko’s AM’s investment strategies. Learn how we are adapting to maximize returns by investing in New Zealand companies issuing bonds offshore and expanding investment opportunities to include major bank parent companies. Watch the video for McDonald’s expert insights on these strategic shifts aimed at enhancing investor returns. Don’t miss out on these crucial updates!
In the last few weeks we have had a spell of rather stormy weather in the UK, and between the rain and wind it has been good to escape for some fresh air. Even my local beach in Scotland has become a surf destination for a while. For some reason surfing has always had a particular appeal for me personally, with the combination of exercise, outdoors and the complete distraction of battling the elements being a particularly attractive combination. Sadly, my skills and flexibility have made my attempts at actually standing up on a board best described as disappointing, or once relayed by my children as downright embarrassing!
It has been a wild few weeks within debt markets – sharp sell-offs, even sharper rallies, and then a renewed sell off. Movements in equity markets have looked tame by comparison. Bond markets are certainly having to process a lot of conflicting information – inflation, deflation, politics and a mountain of potential issuance next year following what was an amazingly quiet year for debt issuance in 2023.
Markets continued the recent trend of weakness over the month of October, with interest rates continuing their march higher. The US 10-year bond yield breached the 5% mark for the first time since before the GFC as strong economic data over the third quarter suggested the higher short term interest rates had not yet impacted aggregate spending.
September finished a tough quarter for investment returns, ironically a more resilient economic backdrop hasn’t been helpful as inflation concerns remain elevated which in turn keeps pressure on interest rates. On the inflation front, steeper supply curves particularly a resurgence in oil prices have also been unhelpful.
Oil Prices, Inflation, and Growth – Investment Insights by our experts and thought leaders
Oil Prices, Inflation, and Growth – Investment Insights by our experts and thought leaders
Over the recent years, there has been a tendency amongst politicians and the media to target the CPI rather than inflation itself, or at least the inflation process. Too often have we heard from policymakers that inflation can be brought down through direct government subsidies or price controls.
New Zealand Fixed Income Monthly – Sept 2023
New Zealand Fixed Income Monthly – Sept 2023
Interest rates unchanged since May 2023 amid stickier-than-expected inflation
New Zealand’s Official Cash Rate has been unchanged since the Reserve Bank of New Zealand (RBNZ) raised it from 5.25% to its current level of 5.5% on 24 May 2023.
Global Investment Committee’s outlook – Good but rocky rebound from a weak 3Q, with a rising yen
Global Investment Committee’s outlook – Good but rocky rebound from a weak 3Q, with a rising yen
The US GDP economy held up even better than we expected, but global bonds and equities did not due to “higher for longer”
Our June meeting’s overall theme of “Good, but not fully smooth sailing, with a rising yen” seems to have been, so far, somewhat too cautious on overall G-3 economic growth, like consensus was at the time.
Will the Convergence Between Artificial Intelligence and Precision Agriculture Lower Farming Costs?
Will the Convergence Between Artificial Intelligence and Precision Agriculture Lower Farming Costs?
Facing unprecedented cost pressures and challenges in crop production, the future of farming is on the brink of a technological revolution. Dive into Ark Invest’s latest article to discover how the convergence of Artificial Intelligence and Precision Agriculture could potentially slash agricultural operating costs by over 22% globally.
Video: Global Equity Q&A
Our Head of Distribution, Sam Bryden, and Iain Fulton, Investment Director – Global Equities, had a chat about the global economy, economic resilience, the interesting things happening in AI and much more.
Dire economic outlook should be positive for bonds: Nikko
Dire economic outlook should be positive for bonds: Nikko
The worse the economy is, the more positive it is for investors in fixed interest, and “it’s looking pretty dire at the moment,” according to Fergus McDonald, head of bonds and currency at Nikko Asset Management.
HEAD OF EQUITIES APPOINTMENT
HEAD OF EQUITIES APPOINTMENT
Nikko Asset Management New Zealand is pleased to announce the appointment of Michael Sherrock to Head of NZ Equities. He was appointed Co-head of NZ Equities in April this year and will take on the Head role on 1st October 2023.
Sherrock has over 25 year’s experience in the industry and has previously held roles with Schroders in the UK and ASB Group Investments.
August Investment Update
August proved to be a tough month for investment returns. Bond returns were around flat as moves higher in interest rates resulted in capital losses largely negating the monthly income accrual from fixed income. Deteriorating government fiscal positions and a resulting increase in government bond supply has weighed on yields. Unfortunately, the good times for bonds …
Watch as our Nikko AM NZ Fixed Income Portfolio Manager, Matt Johnson, talks about our rising living costs and interest rates and what that means for you in the immediate future. He also discusses inflation, minimum wage relativity, migration, and other challenges the reserve bank are currently facing.
July Investment Update
In terms of returns, growth assets appear to have hi-jacked what was expected to be the “year of the bond”. Bond returns have been reasonable but the expected capital gains from rates moving lower have been delayed with inflation “sticky”.
June Investment Update
Market Commentary
The June quarter ended with perhaps more confidence that the worst is behind us in terms of monetary tightening as the pace of further rate hikes looks likely to moderate (or even stop) for many markets. The monetary tightening which has been applied appears to be taking effect.
Do Interest Rates Matter that Much? Yes, and No…
One cannot turn on a financial news programme at present without hearing some talking-head or other discussing the outlook for interest rates, almost as though they are the only thing that matters to markets or the economy. We suspect that the matter to a degree to the latter, and much less to the former than is generally accepted.
New Zealand Fixed Income Monthly – June 2023
Further interest rate moves unlikely ahead of October general election
The Reserve Bank of New Zealand (RBNZ) indicated in its latest Monetary Policy Statement in May that the current interest rate hiking cycle is by and large complete, with the Official Cash Rate (OCR) having peaked at its current level of 5.5%.
Global Equity Quarterly (Q1 2023)
Our philosophy is centred on the search for “Future Quality” in a company. Future Quality companies are those that we believe will attain and sustain high returns on investment. ESG considerations are integral to …
May Investment Update
May was generally a struggle across asset classes, particularly equities. The key question remains how much economic pain is already in the
pipeline because of the monetary tightening undertaken …
The Demise of the Once Mighty US Dollar?
“The Only People calling for an end to the US Dollar as a reserve currency are people that don’t have any”. George Magnus, Oxford University …
What Will Demand Be For The Cybertruck?
Analysts, forecasting agencies, and auto manufacturers once thought electric vehicles (EVs) would become little more than a niche product. Will they be wrong about the Cybertruck as well?
The Credit Crunch; a Product of 2020 that Began Weeks Ago
Although recent headline-grabbing events within the banking system have moved the topic of a potential credit crunch centre-stage in…
The Nikko 2023 Investment Summit featured a stellar lineup of global experts. Attendees gained invaluable perspectives on the…
Meet our new Managing Director, Stuart Williams. We are pleased to announce that Stuart Williams has stepped into the role of…
The Federal Reserve: a Different Beast
I think that it was Henry Kissinger that once said that “academic politics is so vicious because the stakes are so low”. However, when academic politics affects economic policymaking, the stakes are far from low. The New York Fed was slow to recognize the Global Credit Boom / Bad Maths that led to the Global Financial Crisis …