Fund-vs-fund · Diversified
AMP Aggressive Managed Fund vs Booster Wealth Balanced Fund
Both are Diversified 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 between these two funds is their asset allocation. The AMP Aggressive Managed Fund holds 98.31% in growth assets, making it an almost entirely equity-oriented portfolio despite carrying a "Managed" label. The Booster Wealth Balanced Fund, by contrast, allocates 53.2% to growth assets, consistent with a balanced mandate that retains meaningful exposure to income assets — including NZ government bonds and cash, as reflected in its disclosed top holdings.
Both funds sit in the Diversified category and share the same risk indicator of 4 on the FMA's standard 1–7 scale, which is notable given the substantially different growth-asset weightings; investors should read each fund's Product Disclosure Statement to understand how that indicator is calculated in each case. Annual fund charges are close: AMP discloses 0.80% and Booster discloses 0.83%. Fund sizes are similarly small, at NZD 12.26 million and NZD 11.64 million respectively. Five-year return figures are not available in the current snapshot for either fund, so performance history cannot be compared here.
Top-holdings overlap is partial — NVIDIA Corp, Fisher & Paykel Healthcare, and Apple Inc appear in both portfolios, though at higher weights in the AMP fund. Booster's top-five includes NZ Cash and a NZ Government Stock line, reflecting its more blended mandate. Neither fund is a KiwiSaver scheme account product based on the data provided, though both are accessible via Sorted's Smart Investor tool.
Always verify all details against each fund's current PDS and latest Quarterly Fund Update on FMA Disclose before relying on this comparison.
Cached comparison generated 2026-05-21 from each fund's latest FMA Disclose QFU. Regenerated when the underlying facts change.
What's different at a glance
- Annual fund charges are within 0.05% of each other (0.80% vs 0.83%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
Where each fund sits in its cohort
Percentile rank vs all 67 diversified funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
AMP
0.80%
Lower half of cohort
Booster
0.83%
Lower half of cohort
5-year return p.a.
Past performance — not a predictor
AMP
—
—
Booster
—
—
Fund size
Larger = more stable, lower close-risk
AMP
NZ$12m
Smallest 23% in cohort
Booster
NZ$12m
Smallest 22% in cohort
| Metric | AMP | Booster | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.80% | 0.83% | Lower is better |
| Risk indicator (1–7) | 4 | 4 | Higher = more volatility |
| 5-year return p.a. | — | — | Higher is better (past not future) |
| Fund size | NZ$12m | NZ$12m | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | 53% / 47% | More growth = higher long-run return + volatility |
| NZ tax structure | PIE (PIR-capped) | PIE (PIR-capped) | PIE = simpler. FIF = annual return. |
| Currency hedging | — | — | 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 | InvestNow · Direct | Direct | Platforms accepting retail subscriptions. |
Portfolio overlap
How many top-10 positions both funds hold, and at what weight. Computed from each fund's most recently disclosed top-10 holdings — exact-name matched (Microsoft Corp. = Microsoft Corporation), with a Cash / Cash & Equivalents collapse rule.
Matching holdings
7
of each fund's top 10
AMP weight in shared
14.5%
of AMP Aggressive Managed Fund top 10 is shared
Booster weight in shared
10.4%
of Booster Wealth Balanced Fund top 10 is shared
| Holding | AMP | Booster |
|---|---|---|
 Fisher & Paykel Healthcare Corporation Limited NZ | 2.81% | 2.28% |
 NVIDIA Corp US | 2.84% | 1.75% |
 Apple Inc US | 2.51% | 1.49% |
 Auckland International Airport Limited NZ | 1.78% | 1.41% |
 Infratil Limited NZ | 1.49% | 1.23% |
 Microsoft Corp US | 1.71% | 1.22% |
 Amazon.Com Inc US | 1.40% | 1.00% |
"Min weight" = the smaller of the two weights — a conservative read of how much exposure you'd have to that position if you held both funds.
What each fund says it does
AMP
AMP Aggressive Managed Fund
The fund has a well-diversified portfolio that aims to provide growth, primarily through holding growth assets with a low allocation to income assets. The fund aims to achieve high returns, in exchange there will be larger movements up and down in the value of your investments.Full AMP AMP Aggressive Managed Fund profile →
Booster
Booster Wealth Balanced Fund
The Wealth Balanced Fund is suited to investors who seek a medium level of returns on average over medium term periods (five years plus), allowing for shorter-term ups and downs, whilst excluding investments which do not satisfy certain responsible investment criteria. We aim to achieve this by investing in a mix of income and growth assets, and the application of our Approach to Responsible Investing policy.Full Booster Booster Wealth Balanced Fund profile →
Documents
Crawled directly from each manager's website. How we record provenance →
Common questions
What's the difference between the AMP Aggressive Managed Fund and the Booster Wealth Balanced Fund?
Which fund has lower fees, AMP Aggressive Managed Fund or Booster Wealth Balanced Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
