Milford

InvestNow Fund Manager – Milford Asset Management

Milford was formed in 2003 by an experienced group of individuals who recognised the need for an investment company that provides New Zealanders with a world class investment partner they can trust.

Milford was founded on several guiding principles which align our interests with those of our investors. These are an active management investment philosophy, employees investing alongside our clients and long-term staff ownership.

Today, the Milford team comprises more than 100 passionate and talented individuals across offices in Auckland, Wanaka, Christchurch and Sydney. We all share one common purpose – to grow the wealth of our clients and make a positive contribution to the community. We aim to deliver the best investment outcomes and client service.

Milford currently has over $8.5 billion of funds under management.

For more information please visit https://milfordasset.com/


Milford on InvestNow

Australian Active Growth Fund

The Fund’s targets an absolute return with an annualised return objective of 5% above the New Zealand Official Cash Rate while seeking to protect capital after the base fund fee but before tax and before the performance fee, over rolling three year periods.  The Fund has a minimum recommended investment timeframe of five years.

It is a diversified fund that primarily invests in Australasian equities, complemented by selective exposure to international equities, fixed interest securities and cash.

The Fund is for investors seeking:

  • A fund modelled on Milford’s flagship Active Growth Fund
  • A targeted absolute return of the OCR + 5% p.a. over at least 5 years
  • A medium to high risk investment
  • Diversified exposure to primarily Australasian equities complemented by selective exposure to international equities, fixed interest securities and cash.

Balanced Fund

The Fund’s objective is to provide capital growth after management and administration charges but before tax and before the performance fee over the minimum recommended investment timeframe of five years.  It is a diversified fund that primarily invests in equities, with a significant allocation to fixed interest securities.

This Fund is for investors seeking:

  • Capital growth over at least 5 years
  • A low to medium risk investment
  • Diversified exposure to primarily equities and significant allocation to fixed interest securities

Cash Fund

The Fund’s objective is to provide a return above the New Zealand Official Cash Rate. It primarily invests in New Zealand cash, short-dates debt securities and term deposits.

The Fund is for investors seeking:

  • A target return above the New Zealand Official Cash Rate.
  • A low risk investment
  • Exposure to primarily New Zealand cash, short-dated debt securities and term deposits.

Conservative Fund

The Fund’s objective is to provide a moderate return and protect capital after management and administration charges but before tax over the minimum recommended investment timeframe of three years.  It is a diversified fund that primarily invests in fixed interest securities, with a moderate allocation to equities.

The Fund is for investors seeking:

  • Moderate returns and capital protection over at least 3 years
  • Quarterly income from their investment
  • A lower risk investment
  • Diversified exposure to primarily fixed interest securities and moderate allocation to equities.

Diversified Income Fund

The Fund’s objective is to provide income and capital growth after the base fund fee but before tax and before the performance fee, over the minimum recommended investment timeframe of three years. It is a diversified fund that primarily invests in fixed interest and equity income-generating securities.

This Fund is for investors seeking:

  • Capital growth over at least 3 years
  • Quarterly income from their investment
  • A low to medium risk investment

Diversified exposure to primarily fixed interest securities and equity income-generating securities

Dynamic Fund

The Fund’s objective is to provide capital growth after management and administration charges but before tax and before the performance fee by outperforming the relevant share market index over the minimum recommended investment timeframe of five years. It is primarily invested in small to mid-cap Australasian equities.

This Fund is for investors seeking:

  • Capital growth over at least 5 years
  • A higher risk investment

Exposure primarily to small to mid-cap Australasian equities with a focus on out-performing the S&P/ASX Small Ordinaries (TR) Index (100% NZD-hedged)

Global Corporate Bond Fund

The Fund’s objective is to protect capital and generate a positive, NZD hedged return after management and administration charges but before tax that exceeds the relevant benchmark over the minimum recommended investment timeframe of three years.

The Fund is for investors seeking:

  • To protect capital and generate a positive return over at least 3 years.
  • Quarterly income from their investment
  • A low to medium risk investment
  • Exposure to primarily global corporate fixed interest securities.

Global Equity Fund

The Fund’s objective is to provide capital growth after management and administration charges but before tax and before the performance fee by outperforming the relevant share market index over the minimum recommended investment timeframe of five years. It is primarily invested in international equities.

This Fund is for investors seeking:

  • Capital growth over at least 5 years
  • A higher risk investment
  • Exposure to primarily international equities

Trans-Tasman Bond Fund

The Fund’s objective is to generate a positive, low return after management and administration charges but before tax that exceeds the relevant benchmark over the minimum recommended investment timeframe of three years.

The Fund is for investors seeking:

  • Positive, low volatility returns over at least 3 years
  • Quarterly income from their investment
  • A low to medium risk investment
  • Exposure to primarily Trans-Tasman fixed interest securities.

Trans-Tasman Equity Fund

The Fund’s objective is to provide capital growth after management and administration charges but before tax and before the performance fee by outperforming a mix of two relevant share market indices over the minimum recommended investment timeframe of five years. It is primarily invested in Australasian equities.

This Fund is for investors seeking:

  • Capital growth over at least 5 years
  • A higher risk investment

Exposure to Australasian equities with a focus on out-performing the S&P/NZX 50 and S&P/ASX 200 indices (100% NZD-hedged).