Fund-vs-fund · International Equities
ANZ Investments OneAnswer International Share FundvsHyperion Global Growth Companies PIE 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.
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.
ANZ Investments OneAnswer International Share Fund
Hyperion Global Growth Companies PIE Fund
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
What's different at a glance
- ANZ Investments OneAnswer International Share Fund charges 3.38% lower in annual fund charges (1.00% vs 4.38%).
- 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 84 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
1.00%
Upper half of cohort
Hyperion
4.38%
Highest 1% of cohort
5-year return p.a.
Past performance — not a predictor
ANZ Investments
9.88%
Upper half over 5 years
Hyperion
—
—
Fund size
Larger = more stable, lower close-risk
ANZ Investments
NZ$193m
Upper half by size
Hyperion
NZ$177m
Upper half by size
| Metric | ANZ Investments | Hyperion | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.00% | 4.38% | Lower is better |
| Risk indicator (1–7) | 5 | 6 | Higher = more volatility |
| 5-year return p.a. | 9.88% | — | Higher is better (past not future) |
| Fund size | NZ$193m | NZ$177m | 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
2
of each fund's top 10
ANZ Investments weight in shared
5.0%
of ANZ Investments OneAnswer International Share Fund top 10 is shared
Hyperion weight in shared
16.5%
of Hyperion Global Growth Companies PIE Fund top 10 is shared
| Holding | ANZ Investments | Hyperion |
|---|---|---|
 Nvidia CorporationUS | 3.40% | 6.68% |
 Amazon Com IncUS | 1.63% | 9.83% |
"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 →
Hyperion
Hyperion Global Growth Companies PIE Fund
The Fund invests primarily in growth-oriented companies primarily listed on a recognised global exchange, at the time of initial investment, and will also have some exposure to cash.Full Hyperion Hyperion Global Growth Companies PIE Fund profile →
Common questions
What's the difference between the ANZ Investments OneAnswer International Share Fund and the Hyperion Global Growth Companies PIE Fund?
Which fund has lower fees, ANZ Investments OneAnswer International Share Fund or Hyperion Global Growth Companies PIE Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
