What can the Aurellan Hedged Global Shares 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 |
|---|---|---|---|
| Global equities | 100% | 90% | 100% |
| Cash and cash equivalents | — | 0% | 10% |
Mandate flexibility (sum of max − min across all ranges): 20%. Narrow range — index-tracking style with limited drift.
Responsible-investment approach
Practical suitability for New Zealand investors is considered when selecting underlying investment managers, including accessing the underlying investment manager in a manner which considers ESG integration and exclusions.
Derivatives policy
Derivative instruments including currency hedging instruments are permitted for the Aurellan Hedged Global Shares Fund for the purpose of hedging most major foreign currency exposures to New Zealand dollars. Derivatives are not listed as permitted investments for the Aurellan Global Shares Fund.