Multi-Asset & Diversified Investment Opportunities in New Zealand
Conservative, Balanced and Growth allocation funds blending equities, bonds, alternatives and cash — single-decision diversified portfolios for wholesale investors.
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About This Category
Multi-asset funds combine multiple asset classes — typically NZ and global equities, fixed income, alternatives (private equity, infrastructure, hedge funds), property, and cash — within a single fund vehicle. They offer wholesale investors institutional-grade asset allocation, rebalancing, and risk management without having to assemble the portfolio piecewise.
Strategies are typically labelled by risk profile: Conservative (20-40% growth assets, 60-80% defensive), Balanced (40-60% growth), Growth (70-90% growth), and Aggressive Growth (95%+ growth). Some specialty multi-asset funds add a thematic overlay (philanthropy, ESG, climate-aligned) or alternatives focus (5-30% in unlisted private markets).
Target returns vary by allocation: Conservative 4-6% p.a., Balanced 6-8%, Growth 8-11%. Most are PIE-structured. Wholesale minimums typically $50,000-$250,000. Daily or weekly liquidity. Suited for investors seeking a single-decision diversified core holding around which they layer satellite specialty allocations.
Fund Managers in this Category
Explore providers offering funds in this asset class on Wholesale Investor NZ.
Devon Funds Management
Devon Funds Management is an award-winning New Zealand fund manager established in 2010 after acquiring Goldman Sachs JBWere NZ's asset management business. Managing over $2.5 billion for community trusts, iwi, charities, KiwiSaver schemes and individual investors, Devon offers wholesale funds for investors with $10 million or more. Known for active management and ESG leadership, Devon has been named a Responsible Investment Leader by RIAA.
PG Investments
PG Investments (Perpetual Guardian Investments) provides a transparent and scalable platform equipping advisers with forward-thinking investment solutions. Their range spans from diversified core funds to customised single-asset strategies, including specialist funds, core funds, and multi-asset portfolios. The PG Funds Scheme is a wholesale offer available to qualifying wholesale investors under the Financial Markets Conduct Act 2013.
Purpose Capital
Purpose Capital manages Purpose Capital, a NZTE-pre-approved AIP Growth Category fund. Lightweight directory entry seeded from NZTE Acceptable Managed Funds list — full provider profile (AUM, FSP, NZBN, key people, website) to be enriched via future research pass.
Frequently Asked Questions
How is a multi-asset fund different from building my own portfolio?
Multi-asset funds outsource asset allocation, rebalancing and manager selection to professionals. You get a single price, single PIE-tax wrapper, and institutional access to alternatives. The trade-off is less control over individual holdings and an additional fee layer.
Which risk profile should I choose?
Choose based on your time horizon and risk tolerance, not market conditions. Long horizons (10+ years) historically reward higher equity allocations; short horizons favour Conservative/Balanced. Speak with an authorised financial adviser before deciding — this is not advice.
Are multi-asset funds AIP-eligible?
Some multi-asset funds appear on the NZTE Acceptable Managed Funds list for the AIP Growth or Balanced Category. Check each fund's NZTE pre-approval status; not all multi-asset funds qualify.
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For wholesale and eligible investors only. Minimum investment typically $50,000+.