Lifetime Australasian Shares Fund, & Lifetime Australasian Shares Fund No.2


The Lifetime Australasian Shares Fund and the Lifetime Australasian Shares Fund No.2 are single sector funds that provides exposure to Australasian Equities. They are invested 100% in growth assets (Australasian Equities). They do this through investing 70% in the Simplicity NZ Share Fund and 30% in the Mercer Macquarie Australian Shares Fund.


The fund seeks to track a composite index (before annual fund charge and tax), comprising:

      • 70% - Morningstar New Zealand (total return) Index including imputation credits
      • 30% - S&P/ASX 200 Accumulation Index (in NZD)


Underlying Managers & Target Asset Allocations

The table below sets out the target asset allocation and underlying investment managers for the Fund.

For more information you can access the Funds Statement of Investment Objectives and Policy (SIPO).


Asset Class

Underlying Fund Managers

Investment Managers

Product Name

Benchmark Asset Allocation

Australasian Equities



Simplicity NZ Share Fund


Australasian Equities



Mercer Macquarie Australian Shares Fund




The ‘AMP New Zealand Shares Fund’ and the ‘AMP New Zealand Shares Fund No.2’ were renamed the ‘Lifetime Australasian Shares Fund’ and the ‘Lifetime Australasian Shares Fund No.2’ respectively when Lifetime Asset Management acquired the Scheme on 30 September 2023.