Fund-vs-fund · International Equities
Harbour Epoch Global Quality Select Equity (Hedged) Fund vs India Avenue Equity Fund — H Class
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.
Why these two differ
Both funds sit within the International Equities category, but they differ materially in their geographic and strategic focus — the most consequential structural distinction available from their names and disclosed mandates. India Avenue Equity Fund — H Class targets Indian equity markets specifically, making it a single-country, emerging-market vehicle. Harbour Epoch Global Quality Select Equity (Hedged) Fund pursues a global mandate with a quality-factor screen and applies currency hedging, indicating multi-country developed-market exposure with active currency risk management built into the structure. The hedged designation in Harbour's fund name signals a deliberate decision to reduce foreign-exchange volatility for New Zealand dollar investors, a feature India Avenue's H Class designation does not explicitly mirror in the same way.
Beyond that structural observation, the data available in our snapshot is silent on both sides for every quantitative field: annual fund charges, risk indicator, five-year return, fund size, growth assets percentage, and top holdings are all undisclosed in the current Quarterly Fund Update extracts for both India Avenue Equity Fund — H Class and Harbour Epoch Global Quality Select Equity (Hedged) Fund. No fabricated figures have been inserted in their place.
Because neither fee nor performance data is present, no cost or return comparison can be made at this time. Investors considering either fund should verify current charges, risk indicators, returns, and portfolio composition directly against each fund's Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
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
- Harbour Epoch Global Quality Select Equity (Hedged) Fund is a NZ PIE (PIR-capped tax). India Avenue Equity Fund — H Class is structured as an Australian Unit Trust — NZ investors pay tax under FIF rules and need to file an annual return.
Where each fund sits in its cohort
Percentile rank vs all 81 international equities funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
Harbour
—
—
India Avenue
—
—
5-year return p.a.
Past performance — not a predictor
Harbour
—
—
India Avenue
—
—
Fund size
Larger = more stable, lower close-risk
Harbour
—
—
India Avenue
—
—
| Metric | Harbour | India Avenue | Lower / higher is |
|---|---|---|---|
| Annual fund charge | — | — | Lower is better |
| Risk indicator (1–7) | — | — | Higher = more volatility |
| 5-year return p.a. | — | — | Higher is better (past not future) |
| Fund size | — | — | Larger = more stable, lower close-risk |
| Growth / income split | — | — | More growth = higher long-run return + volatility |
| NZ tax structure | PIE (PIR-capped) | AU Unit Trust (FIF rules) | PIE = simpler. FIF = annual return. |
| Currency hedging | Hedged to NZD | — | 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. |
Common questions
What's the difference between the Harbour Epoch Global Quality Select Equity (Hedged) Fund and the India Avenue Equity Fund — H Class?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
