What can the QuayStreet NZ Equity 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 |
|---|---|---|---|
| Australasian Equity (Australian only) | 100% | 0% | 100% |
| International Equity | 0% | 0% | 0% |
| Listed Property (Australian only) | 0% | 0% | 100% |
| Unlisted Property | 0% | 0% | 0% |
| NZ Fixed Interest | 0% | 0% | 0% |
| International Fixed Interest | 0% | 0% | 0% |
| Cash | 0% | 0% | 30% |
| Growth Assets | 100% | 70% | 100% |
| Defensive Assets | 0% | 0% | 30% |
Mandate flexibility (sum of max − min across all ranges): 290%. Wide range — high manager discretion typical of active management.
Responsible-investment approach
Each Fund except the SRI Fund is managed in accordance with the QuayStreet Responsible Investment Policy, incorporating ESG factors within investment decision-making. Exclusions under the RI Policy include tobacco farming, manufacture of cigarettes and cigars, and manufacturing of cluster bombs, landmines, bio-weapons and nuclear weapons. The SRI Fund applies additional exclusionary screening covering tobacco, alcohol, fossil fuel exploration/mining/extraction, gambling, uranium/nuclear weapons, weapons manufacturing, and adult entertainment, plus a qualitative ESG scoring framework requiring each factor to score 5 or higher.
Derivatives policy
Derivatives are permitted to hedge market price fluctuations, gain economic exposure without physical purchase, adjust exposure within SAA parameters, and obtain prices or reduce transaction costs. Use of derivatives to provide financial leverage outside the SIPO or a Fund mandate is prohibited.