Fund-vs-fund · International Equities
Amova Global Shares Hedged Fund vs Harbour Epoch Global Quality Select Equity Fund
Both are International Equities funds available to NZ retail investors. Numbers below are sourced from the FMA Disclose register via Sorted Smart Investor and reflect the latest published quarterly fund updates.
Why these two differ
The most material structural difference in this comparison is the completeness of available data. Amova Global Shares Hedged Fund discloses a full set of quantitative facts in its latest Quarterly Fund Update, while Harbour Epoch Global Quality Select Equity Fund returns no fee, risk indicator, fund size, five-year return, or holdings data in the current snapshot — making a like-for-like comparison impossible on most dimensions.
On what Amova discloses: the fund carries a risk indicator of 6 out of 7, consistent with concentrated equity market exposure. Its annual fund charge is 1.20%, and it reports a five-year return of 2.37% per annum. With 98.31% allocated to growth assets and a fund size of approximately NZD 242.5 million, the portfolio is overwhelmingly equity-oriented. Top disclosed holdings are Nvidia Corp (8.15%), Microsoft Corp (5.73%), Amazon.com Inc (5.72%), Broadcom Corp (3.79%), and Netflix Inc (3.63%), suggesting meaningful concentration in US-listed technology and technology-adjacent names. The fund is currency-hedged, which distinguishes it structurally from unhedged international equity options. Harbour Epoch Global Quality Select Equity Fund sits in the same International Equities category and is managed by Harbour Asset Management, but its fee level, risk rating, return history, asset allocation, and holdings are all silent in this snapshot.
Both funds are retail managed funds, not KiwiSaver scheme accounts. Readers should verify all figures against each fund's current Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
Comparison generated 2026-07-05 from each fund's FMA Disclose QFU facts as at that date. If the underlying facts change, this narrative is withheld until it is regenerated — the tables on this page always reflect the current data.
What's different at a glance
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
- Amova Global Shares Hedged Fund hedges its foreign-currency exposure to NZD; Harbour Epoch Global Quality Select Equity Fund is unhedged. NZD weakness boosts unhedged returns and reduces hedged returns (the inverse on NZD strength).
Where each fund sits in its cohort
Percentile rank vs all 81 international equities funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
Amova
1.20%
Highest 23% of cohort
Harbour
—
—
5-year return p.a.
Past performance — not a predictor
Amova
2.37%
Bottom 10% over 5 years
Harbour
—
—
Fund size
Larger = more stable, lower close-risk
Amova
NZ$243m
Largest 25% in cohort
Harbour
—
—
| Metric | Amova | Harbour | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.20% | — | Lower is better |
| Risk indicator (1–7) | 6 | — | Higher = more volatility |
| 5-year return p.a. | 2.37% | — | Higher is better (past not future) |
| Fund size | NZ$243m | — | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | — | More growth = higher long-run return + volatility |
| NZ tax structure | PIE (PIR-capped) | PIE (PIR-capped) | PIE = simpler. FIF = annual return. |
| Currency hedging | Hedged to NZD | Unhedged | Hedged smooths NZD/foreign FX moves at a small cost. |
| Responsible investment screening | No | No | Specific exclusions live in each fund's SIPO. |
| Available via | Direct | Direct | Platforms accepting retail subscriptions. |
What each fund says it does
Amova
Amova Global Shares Hedged Fund
The fund aims to provide investors with a relatively concentrated actively managed investment portfolio of global equities to achieve long term capital growth. This fund invests in a selection of around 40-50 companies from around the world, covering a diverse range of regions and sectors. Currency exposure created as a consequence of global equity investment hedged to the NZD. This fund has a very high level of volatility.Full Amova Amova Global Shares Hedged Fund profile →
Harbour
Harbour Epoch Global Quality Select Equity Fund
Strategy summary not yet ingested.
Full Harbour Harbour Epoch Global Quality Select Equity Fund profile →Common questions
What's the difference between the Amova Global Shares Hedged Fund and the Harbour Epoch Global Quality Select Equity Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
