Fund-vs-fund · Diversified
AMP Balanced Managed Fund vs Harbour Growth 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 Harbour Growth Fund's latest Quarterly Fund Update is not reflected in our snapshot, meaning its annual fund charge, risk indicator, fund size, growth asset allocation, five-year return, and top holdings are all absent from this comparison. Any structural observations are therefore one-sided by necessity.
On the AMP Balanced Managed Fund side, the data is more complete. AMP discloses an annual fund charge of 0.81%, a risk indicator of 4 out of 7, and a fund size of approximately NZD 44.6 million. Its growth asset allocation sits at 53.15%, positioning it toward the lower end of balanced-to-growth territory within the Diversified category. The five-year return figure is not available in our snapshot for AMP either. Top holdings are disclosed and include Fisher & Paykel Healthcare Corporation Limited (2.01%), a New Zealand Government Inflation-Linked Bond maturing September 2035 (1.94%), NVIDIA Corp (1.67%), Apple Inc (1.47%), and a second New Zealand Government Inflation-Linked Bond maturing September 2040 (1.29%), suggesting a blend of domestic equities, international equities, and inflation-linked fixed income.
Both funds fall under the Diversified category, but without Harbour's disclosed data, a meaningful side-by-side assessment of fees, risk profile, or portfolio construction is not possible. Readers should verify all figures — including any updates to the Harbour Growth Fund's disclosure — against each fund's current Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on this comparison.
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
Harbour
—
—
5-year return p.a.
Past performance — not a predictor
AMP
—
—
Harbour
—
—
Fund size
Larger = more stable, lower close-risk
AMP
NZ$45m
Lower half by size
Harbour
—
—
| Metric | AMP | Harbour | 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 →
Harbour
Harbour Growth Fund
Strategy summary not yet ingested.
Full Harbour Harbour Growth 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 Harbour Growth Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
