Personal Managed Funds

To help you achieve your long-term financial goals.

  • Review and adjust your choice of investment when it suits you1
  • The Balanced Fund and Active Growth Fund investments are spread across a range of assets to help reduce your risk
  • Choose a fund to suit your investment attitude, appetite for risk and financial goals

More detail

Personal Managed Funds2 underlying investments are selected by experts so you can leave the day-to-day management of your investment in their hands. You can also access a mix of investments that might not otherwise be available to investors by investing in one fund. This makes it easy to switch between any of the four funds whenever you like.

Flexibility and choice

  • As your circumstances change you can review and easily adjust your choice of investment to ensure that it still matches your new situation
  • The multi-sector funds (Balanced and Active Growth) help you reduce risk by spreading (diversifying) your investment across a range of investments and different asset classes, such as shares, property, bonds and cash
  • Each fund has a different tailor-made risk vs return profile that can be matched to your investment attitude and goals, particularly with the help of expert financial advice3
  • Full-time investment expertise works for you to help grow your investment

Personal Managed Funds’ profiles

Balanced Fund PDF 37KB

Designed to provide you with solid capital growth of your savings over the medium to long-term by investing in an actively managed, diversified portfolio, containing a mix of both income-generating assets such as cash and bonds and those that grow in value over time such as shares and property. 

Active Growth Fund PDF 37KB

Designed to provide you with strong capital growth of your savings over the medium to long-term by investing in an actively managed range of investment sectors that are weighted towards growth assets.

International Bond Trust PDF 36KB

Designed to provide you with moderate capital growth by investing in an actively managed, diversified portfolio of selected international bond investments.

International Equity Trust PDF 37KB

Designed to provide you with strong capital growth by investing in an actively managed, diversified portfolio of international shares.

Before choosing an investment

The earlier you start thinking about investing the sooner you can reach your financial goals. But before you choose any investment3 we strongly recommend you:

  • Read the latest Personal Managed Funds Investment Statement PDF 1MB
  • Talk to one of our dedicated BNZ Investment Advisers, especially if you’re not sure which fund is right for you
  • Always ask your investment adviser for their BNZ Authorised Financial Advisers' disclosure statement

Did you know?

If you have any administrative queries about your AXA investments or questions about your investment balance, call AXA on 0800 081 081.

Rates and fees

 Personal Managed Funds
For more information on investing or your current investment in Personal Managed Funds (including any funds that have been closed or are being wound up), contact an AXA Customer Relationship Representative between 8.30am and 5.00pm on any business day by calling 0800 081 081.
  Balanced Fund Active Growth Fund
Entry Fee Nil
Management Fee4 1.75 % p.a. + GST**
Trustee Fee4 0.065 % p.a. of the Fund's average daily gross asset value + GST***
Switching Fee A switching fee will only apply where the switch is into a Fund with a higher entry fee, in which case the fee will be the difference between the entry fees
Early Withdrawal Fee Under normal circumstances, 1% of the amount withdrawn or $200 (whichever is the lower) if you make a withdrawal within two years of commencing your investment. This fee does not apply to withdrawals by way of switches into another fund or funds in the Personal Managed Funds range.
  International Bond Trust International Equity Trust
Entry Fee 3.00% from the value of each contribution made 5.00% from the value of each contribution made
Management Fee4 1.25% p.a. + GST** 1.50% p.a. + GST**
Trustee Fee4 0.065 % p.a. of the Fund's average daily gross asset value + GST***
Switching Fee A switching fee will only apply where the switch is into a Fund with a higher entry fee, in which case the fee will be the difference between the entry fees

Small print

  1. A switching fee may apply
  2. The Funds are offered and managed by AXA Wealth Management Limited - a wholly owned subsidiary of AXA New Zealand Limited. The value of investments and the income from them may go down as well as up and is not guaranteed by any entity including AXA Wealth Management Limited and its associated companies or Bank of New Zealand (BNZ) or any of its related companies. Any investment in any of the Funds does not constitute a deposit with, or liability of, BNZ. Past performance is not necessarily a guide to future performance. You may not get back the full amount invested.
  3. Before you make any decisions regarding saving or investment, it’s important to understand your current financial situation, attitude towards investment risk and return, and to determine your personal goals. We strongly recommend that you seek advice from your BNZ Investment Adviser. BNZ Authorised Financial Advisers' disclosure statements are available on request and free of charge.
  4. The Management Fee and Trustee Fee are calculated and deducted daily from the Funds' gross asset value. 

** In addition to the Management Fee, goods and services tax ("GST") is currently payable on 10% of the amount of the Management Fee. 

*** In addition to the Trustee Fee, goods and services tax ("GST") is currently payable on 75% of the amount of the Trustee Fee.