The exciting evolution of the Aurora KiwiSaver Scheme!
We're fast growing, thanks to you and other members joining our Scheme. With this growth, we're making some fantastic investment enhancements to the Aurora KiwiSaver Scheme, for the benefit of our members.
Want to learn about the enhancements we're making...? We've got you.
Article posted: 1 May 2023. Last edited: 14 April 2024.
We're fast growing, thanks to you and other members joining our Scheme. With this growth, we're making some fantastic investment enhancements to the Aurora KiwiSaver Scheme, for the benefit of our members.
We're going Multi-Manager
What does this mean...?
We're now large enough to add new specialist fund managers who are experts in specific investment sectors. This approach, where multiple managers are combined in a portfolio, is called multi-manager.
As a result, we're closing down the Aurora Future Focused Fund (Future Focused Fund) as we no longer need to have a separate fund that invests in sustainability, climate and the environment themes.
All of the new fund managers we've selected have a focus on sustainability, climate and the environment while also aiming for strong financial returns. As a result, all of the investment options in the Scheme will have multiple managers, all with this focus (excluding the Aurora Liquidity Fund, which is cash only).
Our decision to move to multi-manager is an important enhancement that we believe will bring other benefits, such as improved manager diversification, improved style diversification, and a smoother investment journey for members.
Read on below to see what changes are happening to each investment option.
Select your investment option
You're invested in the Aurora Balanced Strategy
As an investor in the Aurora Balanced Strategy, there is a 30% investment allocation to the Future Focused Fund. This allocation will be transferred to the Aurora Growth Fund.
The Aurora Growth Fund has a similar risk and return objective as the Future Focused Fund and has been selected as the replacement investment option. In addition, the fees on the Strategy will remain the same.
You're invested in the Aurora First Home Buyer Strategy
As an investor in the Aurora First Home Buyer Strategy, there is a 5% investment allocation to the Future Focused Fund. This allocation will be transferred to the Aurora Growth Fund.
The Aurora Growth Fund has a similar risk and return objective as the Future Focused Fund and has been selected as the replacement investment option. In addition, the fees on the Strategy will remain the same.
You're invested in the Aurora Climate Growth Strategy
As an investor in the Aurora Climate Growth Strategy, there is an investment allocation of 50% to the Aurora Growth Fund and 50% to the Aurora Future Focused Fund. The existing 50% investment allocation to the Future Focused Fund will be transferred to the Aurora Growth Fund. This means that the Aurora Climate Growth Strategy will closed and investors will be 100% invested in the Aurora Growth Fund.
The Aurora Growth Fund has a similar risk and return objective as the Future Focused Fund and has been selected as the replacement investment option. In addition, the fees for the Aurora Growth Fund will remain the same.
You're invested in the Aurora RetirementPlus Strategy
As an investor in the Aurora RetirementPlus Strategy, ages 0-50 years, there is an investment allocation of 50% to the Aurora Growth Fund and 50% to the Future Focused Fund. The existing 50% investment allocation to the Future Focused Fund will be transferred to the Aurora Growth Fund. This means that RetirementPlus ages 0-50 years will be 100% invested in the Aurora Growth Fund via the Aurora RetirementPlus Strategy.
For members in RetirementPlus, ages 50+ there is an investment allocation to the Future Focused Fund, determined according to your age. This allocation will be transferred to the Aurora Growth Fund.
The Aurora Growth Fund has a similar risk and return objective as the Future Focused Fund and has been selected as the replacement investment option. In addition, the fees will remain the same.
You're invested in the Aurora Future Focused Fund
As an investor in the Aurora Future Focused Fund, your entire investment allocation will be transferred to the Aurora Growth Fund. The Aurora Growth Fund has a similar risk and return objective as the Future Focused Fund and has been selected as the replacement investment option. In addition, the fees will remain the same.
Got a question?
If you have any questions about Aurora's move to multi-manager or the close down of the Aurora Future Focused Fund, contact your adviser or contact Aurora Client Care.
You can contact Aurora Client Care by clicking "Contact us" button below, by emailing hello@aurora.co.nz or calling us on 0800 242 023. Our team are here to help from 8:30am - 5:00pm, Monday to Friday.