Fund-vs-fund · International Equities
ANZ Investments OneAnswer International Share Fund vs Fisher Funds International Growth 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.
What's different at a glance
- ANZ Investments OneAnswer International Share Fund charges 0.35% lower in annual fund charges (0.96% vs 1.31%).
- 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 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
ANZ Investments
0.96%
Upper half of cohort
Fisher Funds
1.31%
Highest 13% of cohort
5-year return p.a.
Past performance — not a predictor
ANZ Investments
8.34%
Upper half over 5 years
Fisher Funds
0.26%
Bottom 3% over 5 years
Fund size
Larger = more stable, lower close-risk
ANZ Investments
NZ$83m
Lower half by size
Fisher Funds
NZ$74m
Lower half by size
| Metric | ANZ Investments | Fisher Funds | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.96% | 1.31% | Lower is better |
| Risk indicator (1–7) | 5 | 6 | Higher = more volatility |
| 5-year return p.a. | 8.34% | 0.26% | Higher is better (past not future) |
| Fund size | NZ$83m | NZ$74m | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | 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 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. |
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
3
of each fund's top 10
ANZ Investments weight in shared
7.0%
of ANZ Investments OneAnswer International Share Fund top 10 is shared
Fisher Funds weight in shared
18.3%
of Fisher Funds International Growth Fund top 10 is shared
| Holding | ANZ Investments | Fisher Funds |
|---|---|---|
 Nvidia Corporation US | 3.50% | 4.30% |
 Microsoft Corporation US | 1.97% | 7.13% |
 Amazon Com Inc US | 1.52% | 6.91% |
"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
ANZ Investments
ANZ Investments OneAnswer International Share Fund
The International Share Fund invests mainly in international equities. Investments may include equities in companies that are listed or are soon to be listed on a stock exchange, and cash and cash equivalents. The International Share Fund aims to achieve a return (after the fund charge and before tax) that over the long-term outperforms the relevant market index.Full ANZ Investments ANZ Investments OneAnswer International Share Fund profile →
Fisher Funds
Fisher Funds International Growth Fund
The fund focuses on growth of your investment over the long term by investing in quality international companies which can consistently produce increasing earningsFull Fisher Funds Fisher Funds International Growth Fund profile →
Documents
Crawled directly from each manager's website. How we record provenance →
ANZ Investments
Fisher Funds
LiveLast verified 2026-05-08
- Other Material Information165 kB · file fingerprint recorded
- Product Disclosure Statement246 kB · file fingerprint recorded
- Product Disclosure Statement143 kB · file fingerprint recorded
- Product Disclosure Statement666 kB · file fingerprint recorded
- Product Disclosure Statement595 kB · file fingerprint recorded
Common questions
What's the difference between the ANZ Investments OneAnswer International Share Fund and the Fisher Funds International Growth Fund?
Which fund has lower fees, ANZ Investments OneAnswer International Share Fund or Fisher Funds International Growth Fund?
How do the 5-year returns compare?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
