Fund-vs-fund · Australasian Equities
ANZ Investments OneAnswer New Zealand Share Fund vs BetaShares Australia 200 Fund
Both are Australasian 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.
Why these two differ
The most material structural difference between these two funds is their fee level. The ANZ Investments OneAnswer New Zealand Share Fund charges an annual fund charge of 1.05%, compared with 0.23% for the BetaShares Australia 200 Fund — a gap of 0.82 percentage points that compounds meaningfully over time on similar-sized pools of capital.
Both funds sit at risk indicator 5 on the standard 1–7 scale and hold an almost identical growth asset allocation of 98.31%, placing them at comparable points on the risk spectrum. Fund sizes are also near-identical: approximately NZD 53.7 million (ANZ) versus NZD 54.2 million (BetaShares).
The geographic and stock-level exposures differ substantially despite sharing the same broad category. The ANZ fund is concentrated in New Zealand-listed equities, with Fisher & Paykel Healthcare the dominant holding at 14.47%, followed by Contact Energy, Infratil, Auckland International Airport, and Mainfreight. The BetaShares fund targets Australian equities, with Commonwealth Bank at 10.91% and BHP, Westpac, National Australia Bank, and ANZ Bank rounding out the top five — a heavily financials- and resources-weighted profile.
On performance, the ANZ fund discloses a five-year annualised return of 0.03%; the BetaShares Australia 200 Fund's five-year return figure is not available in this snapshot, likely reflecting a shorter operating history on the New Zealand register.
Readers should verify all figures — including fees, returns, and current holdings — against each fund's product disclosure statement and latest quarterly fund update on FMA Disclose before relying on any of this information.
Cached comparison generated 2026-05-21 from each fund's latest FMA Disclose QFU. Regenerated when the underlying facts change.
What's different at a glance
- BetaShares Australia 200 Fund charges 0.82% lower in annual fund charges (0.23% vs 1.05%).
- 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 58 australasian 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
1.05%
Upper half of cohort
BetaShares
0.23%
Lowest 6% of cohort
5-year return p.a.
Past performance — not a predictor
ANZ Investments
0.34%
Bottom 21% over 5 years
BetaShares
—
—
Fund size
Larger = more stable, lower close-risk
ANZ Investments
NZ$49m
Lower half by size
BetaShares
NZ$54m
Lower half by size
| Metric | ANZ Investments | BetaShares | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.05% | 0.23% | Lower is better |
| Risk indicator (1–7) | 5 | 5 | Higher = more volatility |
| 5-year return p.a. | 0.34% | — | Higher is better (past not future) |
| Fund size | NZ$49m | NZ$54m | 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.
What each fund says it does
ANZ Investments
ANZ Investments OneAnswer New Zealand Share Fund
The New Zealand Share Fund invests mainly in New Zealand equities. Investments may include equities in companies that are listed or intend to list on the New Zealand stock exchange, and cash and cash equivalents.The New Zealand 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 New Zealand Share Fund profile →
BetaShares
BetaShares Australia 200 Fund
The fund aims to provide an investment return that tracks the performance of the Solactive Australia 200 Index, before taking into account fees and expenses.Full BetaShares BetaShares Australia 200 Fund profile →
Common questions
What's the difference between the ANZ Investments OneAnswer New Zealand Share Fund and the BetaShares Australia 200 Fund?
Which fund has lower fees, ANZ Investments OneAnswer New Zealand Share Fund or BetaShares Australia 200 Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
