Fund-vs-fund · International Equities
Harbour Epoch Global Quality Select Equity 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 their most material structural difference is geographic and thematic focus: the India Avenue Equity Fund — H Class targets Indian equity markets specifically, making it a single-country, concentrated-mandate fund, while the Harbour Epoch Global Quality Select Equity Fund pursues a globally diversified equity mandate with a quality-factor screen applied in partnership with US-based manager Epoch Investment Partners. This distinction in scope carries meaningful implications for concentration risk, currency exposure, and return drivers that prospective investors should weigh carefully.
Beyond that structural point, the data available in our current snapshot is substantially limited for both funds. Fee percentages, risk indicators, five-year return figures, fund size in NZD, growth-asset allocations, PDS URLs, Sorted profile links, and top holdings are all absent from the latest Quarterly Fund Update data surfaced here — for both Fund A and Fund B. Neither fund's charges, volatility profile, nor historical performance can therefore be compared at this time. It is not possible to determine from this snapshot which fund carries higher fees, a higher or lower risk indicator rating, or stronger recent returns.
What can be noted is that both are retail managed funds registered in New Zealand and categorised under International Equities on FMA Disclose, meaning both are subject to the same disclosure regime under the Financial Markets Conduct Act 2013.
Always verify current fees, risk indicators, returns, and fund details against each fund's Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any information here.
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 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 | Unhedged | — | 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 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?
