Manager head-to-head
ANZ Investments vs Fisher Funds
Two NZ fund managers, side by side: retail fund lineups, median fees, median 5-year after-fee returns and assets under management — every figure from FMA Disclose data. No winner declared; the numbers are the comparison.
ANZ Investments
- Retail funds
- 14
- Median fee
- 0.95%
- Median 5y return
- 3.04%
- Tracked AUM
- NZ$2.0b
Fisher Funds
- Retail funds
- 15
- Median fee
- 1.35%
- Median 5y return
- 1.47%
- Tracked AUM
- NZ$1.3b
Medians span different asset classes and risk levels — they are context, not a ranking. The per-category table below compares like with like. Past performance is not a reliable indicator of future returns.
Median fee where both compete
| Category | ANZ Investments | Fisher Funds |
|---|---|---|
| Diversified | 0.93% (6) | 1.41% (2) |
| Australasian Equities | 1.07% (2) | 1.42% (3) |
| International Equities | 0.90% (2) | 1.48% (2) |
| International FI | 0.49% (1) | 1.13% (2) |
| Listed Property | 1.02% (2) | 1.53% (1) |
| NZ Fixed Interest | 0.46% (1) | 0.97% (1) |
ANZ Investments — largest funds
- ANZ Investments OneAnswer Balanced Fundfee 0.90% 5y 2.96% NZ$927m
- ANZ Investments OneAnswer Conservative Balanced Fundfee 0.75% 5y 2.24% NZ$529m
- ANZ Investments OneAnswer Conservative Fundfee 0.63% 5y 1.62% NZ$104m
- ANZ Investments OneAnswer International Listed Infrastructure Fundfee 0.84% NZ$97m
- ANZ Investments OneAnswer International Share Fundfee 0.96% 5y 8.34% NZ$83m
- ANZ Investments OneAnswer High Growth Fundfee 0.95% NZ$67m
Fisher Funds — largest funds
- Fisher Funds Growth Fundfee 1.46% 5y 3.05% NZ$319m
- Fisher Funds New Zealand Growth Fundfee 1.42% 5y 1.47% NZ$161m
- Fisher Funds Property & Infrastructure Fundfee 1.53% 5y 4.56% NZ$154m
- Fisher Funds Global Fundfee 1.64% 5y 5.51% NZ$152m
- Fisher Funds Conservative Fundfee 1.35% 5y 1.67% NZ$116m
- Fisher Funds BondPlus Fundfee 1.26% 5y 0.53% NZ$95m
Common questions
Which charges lower fees — ANZ Investments or Fisher Funds?
Across funds with a reported annual fund charge, the median is 0.95% for ANZ Investments and 1.35% for Fisher Funds. Medians hide spread — the per-category table on this page compares like with like, and each fund page shows its exact charge with the source document.
Which has performed better?
The median reported 5-year after-fees return is 3.04% across ANZ Investments's funds and 1.47% across Fisher Funds's. These medians mix different asset classes and risk levels, so they are context, not a verdict — compare same-category funds on the leaderboard, and remember past performance is not a reliable indicator of future returns.
Where do these figures come from?
Annual fund charges, 5-year returns and fund sizes are mirrored from FMA Disclose register data via Sorted Smart Investor. Every fund page linked from this comparison shows the underlying disclosure documents.
Mechanical comparison of disclosed figures — no opinion or recommendation. ManagedFundsNZ is not a Financial Advice Provider. Read each fund's current PDS and consider speaking to a licensed financial adviser.