Fund-vs-fund · International Equities
Clarity - Capital Group New Perspective Fund vs NZ Funds Global Shares
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
- Clarity - Capital Group New Perspective Fund charges 1.91% lower in annual fund charges (1.21% vs 3.12%).
- 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 82 international equities funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
Clarity
1.21%
Highest 21% of cohort
NZ Funds
3.12%
Highest 2% of cohort
5-year return p.a.
Past performance — not a predictor
Clarity
7.29%
Lower half over 5 years
NZ Funds
1.37%
Bottom 8% over 5 years
Fund size
Larger = more stable, lower close-risk
Clarity
NZ$155m
Upper half by size
NZ Funds
NZ$176m
Upper half by size
| Metric | Clarity | NZ Funds | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.21% | 3.12% | Lower is better |
| Risk indicator (1–7) | 5 | 6 | Higher = more volatility |
| 5-year return p.a. | 7.29% | 1.37% | Higher is better (past not future) |
| Fund size | NZ$155m | NZ$176m | 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 | 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.
Matching holdings
1
of each fund's top 10
Clarity weight in shared
1.9%
of Clarity - Capital Group New Perspective Fund top 10 is shared
NZ Funds weight in shared
5.9%
of NZ Funds Global Shares top 10 is shared
| Holding | Clarity | NZ Funds |
|---|---|---|
| $ NZD Cash at Bank NZ | 1.87% | 5.90% |
"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
Clarity
Clarity - Capital Group New Perspective Fund
The Fund aims to achieve long-term growth of capital by investing in shares of companies located around the world. The Fund is managed by Capital Group, and favours companies expected to benefit from structural trends in the global economy.Full Clarity Clarity - Capital Group New Perspective Fund profile →
NZ Funds
NZ Funds Global Shares
The objective of the Global Shares fund is to grow your investment over the long term by investing in growth assets and other authorised assets with active management. The fund is anticipated to mainly own and trade international shares over the minimum suggested timeframe.Full NZ Funds NZ Funds Global Shares profile →
Common questions
What's the difference between the Clarity - Capital Group New Perspective Fund and the NZ Funds Global Shares?
Which fund has lower fees, Clarity - Capital Group New Perspective Fund or NZ Funds Global Shares?
How do the 5-year returns compare?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
