Fund-vs-fund · International Equities
Lighthouse Global Equity Fund vs Mercer Core Hedged Global Shares Fund
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.
| Metric | Lighthouse | Mercer | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.03% | 1.46% | Lower is better |
| Risk indicator (1–7) | 7 | 5 | Higher = more volatility |
| 5-year return p.a. | 10.71% | 9.28% | Higher is better (past not future) |
| Fund size | NZ$18m | NZ$18m | Larger = more stable, lower close-risk |
| Growth / income split | 78% / 22% | 98% / 2% | More growth = higher long-run return + volatility |
What each fund says it does
Lighthouse
Lighthouse Global Equity Fund
The fund invests in very large capitalisation stocks and Exchange Traded Funds listed on the NYSE and Nasdaq stock markets. It may use leverage of up to 30% of NAV. The fund's foreign currency exposures are not hedged back to New Zealand dollars.Full Lighthouse Lighthouse Global Equity Fund profile →
Mercer
Mercer Core Hedged Global Shares Fund
The fund invests in shares listed on share markets predominately in developed economies and is fully hedged to the New Zealand dollar. The portfolio uses multiple managers and is diversified by region, manager and investment approaches. Environmental, Social and Governance characteristics are integrated into the underlying investment managers’ investment processes. The fund aims to provide a Gross Return above the return of the MSCI World Index with net dividends reinvested (100% hedged NZD on an after-tax basis) on a rolling three-year basis.Full Mercer Mercer Core Hedged Global Shares Fund profile →
Important: This comparison is general information only — not personalised financial advice.
Past performance is not a reliable indicator of future returns. The right fund for you depends on your personal
circumstances. Read each fund's Product Disclosure Statement and consider speaking to a licensed financial adviser.