What can the Devon Trans-Tasman 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 |
|---|---|---|---|
| New Zealand shares (Australasian equities) | — | 0% | 100% |
| Australian shares (Australasian equities) | — | 0% | 100% |
| Cash or cash equivalent securities | — | 0% | 50% |
Mandate flexibility (sum of max − min across all ranges): 250%. Wide range — high manager discretion typical of active management.
Responsible-investment approach
Devon applies ESG integration and active ownership strategies. They use MSCI Portfolio ESG Analytics and Portfolio Carbon Analytics tools for quarterly screening, are a signatory to the UN-supported PRI, and are a member of the RIAA. Derivatives used within funds are also covered by the Responsible Investment Policy to prevent indirect economic exposure to excluded companies.
Derivatives policy
Derivatives are listed as authorised investments across most funds and may be used for currency management purposes. If and when derivative products are used within the funds, these products are also covered by Devon's Responsible Investment Policy.