Fund-vs-fund · Listed Property
ANZ Investments OneAnswer Property Securities Fund vs NZ Funds Global Property
Both are Listed Property 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 combined with the absence of a comparable performance record for Fund B. ANZ Investments OneAnswer Property Securities Fund charges an annual fund charge of 1.06%, while NZ Funds Global Property charges 2.52% — a gap of 146 basis points annually that compounds meaningfully over time. Fund B's five-year return figure is not disclosed in the current snapshot, so no like-for-like performance comparison can be made; ANZ OneAnswer reports a five-year annualised return of 2.25%.
Both funds sit at risk indicator 5 on the standard seven-point scale and carry nearly identical fund sizes (approximately NZD 51.5 million and NZD 51.3 million respectively). However, their portfolio construction differs substantially. ANZ OneAnswer allocates 98.31% to growth assets, concentrated in Australasian and Australian listed property names — Goodman Group (18.2%), Goodman Property Trust (11.55%), and Precinct Properties (7.63%) dominate. NZ Funds Global Property holds 78.48% in growth assets, with the remaining balance in income or defensive positions; its top disclosed holdings skew toward global data-centre REITs (Equinix, Digital Realty) and US retail REITs, alongside a 6.46% Westpac Cash position and Goldman Sachs Futures exposure, suggesting a more actively managed, globally diversified and derivatives-aware strategy.
Investors weighing Australasian property concentration against global REIT diversification, or comparing a lower passive-style fee against a higher active-management fee, will find the structural differences here significant.
Always verify current fees, holdings, and returns 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
- ANZ Investments OneAnswer Property Securities Fund charges 1.46% lower in annual fund charges (1.06% vs 2.52%).
- 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 15 listed property funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
ANZ Investments
1.06%
Upper half of cohort
NZ Funds
2.52%
Highest 7% of cohort
5-year return p.a.
Past performance — not a predictor
ANZ Investments
4.18%
Top 13% over 5 years
NZ Funds
—
—
Fund size
Larger = more stable, lower close-risk
ANZ Investments
NZ$43m
Lower half by size
NZ Funds
NZ$51m
Upper half by size
| Metric | ANZ Investments | NZ Funds | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.06% | 2.52% | Lower is better |
| Risk indicator (1–7) | 5 | 5 | Higher = more volatility |
| 5-year return p.a. | 4.18% | — | Higher is better (past not future) |
| Fund size | NZ$43m | NZ$51m | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | 78% / 22% | 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 | InvestNow · 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 Property Securities Fund
The Property Securities Fund invests mainly in New Zealand and Australian listed property assets. Investments may include companies, funds or trusts that invest in property and are listed or intend to list, and cash and cash equivalents.The Property Securities 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 Property Securities Fund profile →
NZ Funds
NZ Funds Global Property
The objective of the Global Property fund is to mitigate the impact of inflation on your investment over the medium and/or long term with active management. The fund is anticipated to mainly own and trade international property company shares. The fund may also hold other actively managed authorised asset classes.Full NZ Funds NZ Funds Global Property profile →
Common questions
What's the difference between the ANZ Investments OneAnswer Property Securities Fund and the NZ Funds Global Property?
Which fund has lower fees, ANZ Investments OneAnswer Property Securities Fund or NZ Funds Global Property?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
