Manager head-to-head
Mercer vs NZ 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.
Mercer
- Retail funds
- 14
- Median fee
- 1.25%
- Median 5y return
- 3.00%
- Tracked AUM
- NZ$1.1b
NZ Funds
- Retail funds
- 12
- Median fee
- 2.33%
- Median 5y return
- 0.96%
- Tracked AUM
- NZ$987m
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 | Mercer | NZ Funds |
|---|---|---|
| Diversified | 1.27% (2) | 1.63% (4) |
| Australasian Equities | 0.71% (2) | 2.52% (1) |
| International Equities | 1.25% (5) | 2.83% (2) |
| International FI | 0.43% (1) | 1.44% (1) |
| Listed Property | 1.33% (1) | 2.52% (2) |
| NZ Fixed Interest | 0.64% (2) | 1.44% (1) |
| Other | 1.34% (1) | 2.53% (1) |
Mercer — largest funds
- Mercer Responsible Hedged Global Fixed Interest Index Fundfee 0.43% 5y 0.48% NZ$382m
- Mercer Macquarie NZ Fixed Interest Fundfee 0.60% 5y 0.71% NZ$184m
- Mercer All Country Global Shares Index Fundfee 0.43% 5y 9.81% NZ$98m
- Mercer Global Listed Infrastructure Fundfee 1.34% 5y 8.36% NZ$84m
- Mercer Global Listed Real Estate Fundfee 1.33% 5y 0.87% NZ$66m
- Mercer Core Global Shares Fundfee 1.24% 5y 13.93% NZ$61m
NZ Funds — largest funds
- NZ Funds New Zealand and Australian Sharesfee 2.52% 5y 4.59% NZ$194m
- NZ Funds Global Sharesfee 3.12% 5y 1.37% NZ$176m
- NZ Funds New Zealand and Australian Bondsfee 1.44% 5y 0.97% NZ$145m
- NZ Funds Global Bondsfee 1.44% 5y 0.17% NZ$137m
- NZ Funds Global Utilitiesfee 2.53% NZ$62m
- NZ Funds Global Infrastructurefee 2.53% NZ$60m
Common questions
Which charges lower fees — Mercer or NZ Funds?
Across funds with a reported annual fund charge, the median is 1.25% for Mercer and 2.33% for NZ 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 3.00% across Mercer's funds and 0.96% across NZ 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.