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. ANZ Investments OneAnswer New Zealand Share Fund charges an annual fund charge of 1.05%, while BetaShares Australia 200 Fund charges 0.23% — a difference of 0.82 percentage points that compounds meaningfully over time regardless of which fund an investor holds.
Both funds sit at risk indicator 5 on the FMA's seven-point scale and hold near-identical growth asset allocations of 98.31%, placing them in broadly equivalent risk bands within the Australasian Equities category. Fund sizes are comparable: ANZ OneAnswer NZ Share Fund at approximately NZD 49.4 million, BetaShares Australia 200 Fund at approximately NZD 54.2 million.
The geographic exposures differ entirely despite sharing a category label. ANZ OneAnswer invests in New Zealand-listed companies, with Fisher and Paykel Healthcare (14.98%), Contact Energy (8.43%), and Infratil (8.20%) as its largest positions. BetaShares Australia 200 tracks Australian equities, with its top holdings concentrated in Australian financials and resources — Commonwealth Bank (10.91%), BHP (9.66%), and Westpac (5.27%).
On five-year returns, ANZ OneAnswer reported 0.34% per annum; BetaShares Australia 200's five-year return figure is not disclosed in our current snapshot, likely reflecting the fund's shorter operating history in New Zealand. Neither fund is a KiwiSaver scheme account product based on available data.
Verify all figures against each fund's current PDS and latest Quarterly Fund Update on FMA Disclose before relying on this summary.
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
- 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?
