Lifetime Overseas Shares Fund, Lifetime Overseas Shares Fund No.2, & Lifetime Overseas Shares Fund No.3

Lifetime Overseas Shares Fund, Lifetime Overseas Shares Fund No.2, & Lifetime Overseas Shares Fund No.3

   

The Lifetime Overseas Shares Fund, Lifetime Overseas Shares Fund No.2, and the Lifetime Overseas Shares Fund No.3, are single sector funds that provide exposure to International Equities. They are invested 100% in growth assets (International Equities). The funds seek to track the MSCI World Index NR ex NZ, Tobacco, Controversial and Nuclear Weapons, 50% hedged to NZD. They do this through investing 100% into the Mercer Socially Responsible Overseas Shares Index Portfolios (both hedged and unhedged).

 

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
International Equities	Mercer	Legal & General	Mercer Socially Responsible Overseas Shares Index Portfolios	50%
International Equities	Kernel	Legal & General	Mercer Socially Responsible Hedged Overseas Shares Index Portfolios	50%

 

 

The ‘AMP International Shares Fund’, the ‘AMP International Shares Fund No.2’, and the ‘AMP International Shares Fund No.3’ were renamed the ‘Lifetime Overseas Shares Fund’, the ‘Lifetime Overseas Shares Fund No.2’, and the ‘Lifetime Overseas Shares Fund No.3’ respectively when Lifetime Asset Management acquired the Scheme on 30 September 2023.