Fund-vs-fund · Diversified
AMP Balanced Managed Fund vs Fisher Funds 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 difference in this comparison is data availability: the Fisher Funds Balanced Fund snapshot contains no quantitative disclosures — fee, risk indicator, fund size, growth asset allocation, five-year return, and top holdings are all absent from our current extract. The AMP Balanced Managed Fund, by contrast, supplies a reasonably complete picture from its latest Quarterly Fund Update. Any structural comparison is therefore asymmetric, and readers should weight it accordingly.
On the AMP side, the fund carries an annual fund charge of 0.81% and a risk indicator of 4 out of 7, placing it in the middle of the standard risk scale. Fund size sits at approximately NZD 44.6 million. Growth assets make up 53.15% of the portfolio, consistent with a balanced mandate under the Diversified category. The five largest disclosed holdings span equities and inflation-linked New Zealand government bonds — Fisher & Paykel Healthcare (2.01%), a NZ Government inflation-linked bond maturing September 2035 (1.94%), NVIDIA Corp (1.67%), Apple Inc (1.47%), and a NZ Government inflation-linked bond maturing September 2040 (1.29%). Five-year return data is not available in our snapshot for either fund.
Both funds sit in the Diversified category, but because Fisher Funds Balanced Fund data is entirely absent here, no fee, risk, or allocation comparison can be drawn between them at this time.
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%.
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
0.81%
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 Fund
Strategy summary not yet ingested.
Full Fisher Funds Fisher Funds Balanced 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 Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
