What can the ANZ Investments OneAnswer Conservative Fund actually invest in?
The fund's Statement of Investment Policy and Objectives (SIPO) defines the asset classes it can hold and the allowable target / min / max weights for each.
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| Cash and cash equivalents | 23% | 3% | 43% |
| New Zealand fixed interest | 24% | 4% | 44% |
| International fixed interest (Australia) | 0% | 0% | 20% |
| International fixed interest (International) | 35% | 15% | 55% |
| Other (Alternatives - income) | 0% | 0% | 7.5% |
| Income assets (total) | 82% | 62% | 100% |
| Listed property (Australasian) | 0% | 0% | 7.5% |
| Listed property (International) | 0% | 0% | 7.5% |
| Australasian equities (New Zealand) | 3.4% | 0% | 20% |
| Australasian equities (Australia) | 1.4% | 0% | 20% |
| International equities (Developed) | 13.2% | 0% | 28% |
| International equities (Emerging markets) | 0% | 0% | 7.5% |
| Other (Infrastructure) | 0% | 0% | 7.5% |
| Other (Alternatives - growth) | 0% | 0% | 7.5% |
| Growth assets (total) | 18% | 3% | 33% |
Mandate flexibility (sum of max − min across all ranges): 321%. Wide range — high manager discretion typical of active management.
Explicit exclusions (1)
- Companies and industries based on involvement in areas of harm or breaching global norms (per Responsible Investment Framework)
Responsible-investment approach
The three core components are exclusions (excluding some companies and industries based on involvement in areas of harm or breaching global norms), ESG integration (integrating ESG considerations into evaluation of companies invested in or considered for investment), and stewardship (engagement and proxy voting). Investments are not made based solely on ESG factors. ANZ Investments has a Net Zero 2050 goal across all funds under management using a stewardship-based approach to decarbonisation.
Derivatives policy
Derivatives are used to reduce investment risks such as currency risk, or as an efficient way to gain exposure to an asset or asset class (e.g. equity futures). Use is carefully managed within defined limits set out in the Derivatives Framework, and derivative exposures are managed and monitored each business day; derivative counterparties must meet minimum credit ratings.