Lifetime Australasian Shares Fund

   

The Lifetime Australasian Shares Fund is a single sector Fund that provides exposure to Australasian Equities.

The Fund invests 100% in growth assets (Australasian Equities). The Fund achieves this through investing 70% in the Simplicity NZ Share Fund and 30% in the Smart Wholesale Australian Equity ESG 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 Fossil Fuel Screened Total Return Index in NZD

 

Underlying Managers & Target Asset Allocations

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

 

Asset Class

Underlying Fund Managers

Underlying Fund

Benchmark Asset Allocation

Australasian Equities

Simplicity

Simplicity NZ Share Fund

70%

Australasian Equities

Smartshares

Smart Wholesale Australian Equity ESG Fund

30%

 

 

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. They were subsequently consolidated into one Fund, the Lifetime Australasian Shares Fund in May 2026.