Fund-vs-fund · Diversified
AMP Balanced Managed FundvsFisher Funds Balanced Strategy 45/55 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.
Where you can buy these
Platform availability confirmed within the last 180 days. This is a statement of availability, not a recommendation — ManagedFundsNZ is not a Financial Advice Provider. Check the current PDS before investing.
AMP Balanced Managed Fund
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
Fisher Funds Balanced Strategy 45/55 Fund
Why these two differ
The most material structural difference in this comparison is data availability: the FMA Disclose snapshot for Fisher Funds Balanced Strategy 45/55 Fund returns no disclosed figures — no annual fund charge, no risk indicator, no growth asset allocation, no fund size, and no top holdings — making a quantitative side-by-side largely one-sided. All numerical observations below therefore draw solely from AMP's data.
Both funds sit in the Diversified category, but only AMP Balanced Managed Fund discloses its asset mix in this snapshot: 53.15% growth assets, positioning it broadly in line with a typical balanced mandate. AMP carries a risk indicator of 4 (on the standard 1–7 scale used by FMA-regulated funds), and its annual fund charge is disclosed at 0.81%. The fund size is approximately NZD 44.6 million. Its five disclosed top holdings span domestic equity (Fisher & Paykel Healthcare at 2.01%), New Zealand Government inflation-linked bonds (two lines totalling around 3.23%), and global equity (NVIDIA at 1.67%, Apple at 1.47%), suggesting a multi-asset, geographically diversified approach. Five-year return figures are not available for either fund in this snapshot.
Fisher Funds Balanced Strategy 45/55 Fund's name implies a roughly 45% growth / 55% income split, but none of that is confirmed by the data available here. Investors cannot draw conclusions about fees, risk profile, or performance for that fund from this snapshot alone.
Verify all details 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%.
Where each fund sits in its cohort
Percentile rank vs all 68 diversified funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
AMP
0.81%
Lower half of cohort
Fisher Funds
—
—
5-year return p.a.
Past performance — not a predictor
AMP
—
—
Fisher Funds
—
—
Fund size
Larger = more stable, lower close-risk
AMP
NZ$45m
Lower half by size
Fisher Funds
—
—
| Metric | AMP | Fisher Funds | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.81% | — | Lower is better |
| Risk indicator (1–7) | 4 | — | Higher = more volatility |
| 5-year return p.a. | — | — | Higher is better (past not future) |
| Fund size | NZ$45m | — | Larger = more stable, lower close-risk |
| Growth / income split | 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 | Direct | Direct | Platforms accepting retail subscriptions. |
What each fund says it does
AMP
AMP Balanced Managed Fund
The fund has a well-diversified portfolio that has a balance of risk through holding growth assets and an allocation to lower-risk income assets. The fund aims to achieve medium returns, in exchange there will be some movements up and down in the value of your investments.Full AMP AMP Balanced Managed Fund profile →
Fisher Funds
Fisher Funds Balanced Strategy 45/55 Fund
Strategy summary not yet ingested.
Full Fisher Funds Fisher Funds Balanced Strategy 45/55 Fund profile →Documents
Crawled directly from each manager's website. How we record provenance →
Common questions
What's the difference between the AMP Balanced Managed Fund and the Fisher Funds Balanced Strategy 45/55 Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
