The Mint Diversified Growth Fund has been issued a “3 IP” rating, with a score of 3.23/5.
This Fund offers a diversified portfolio and aims to provide capital growth over the long-term. The Fund invests primarily in New Zealand and international equities, but will also hold cash and fixed interest securities. The objective of the Fund is to deliver returns in excess of the Consumers Price Index (CPI) by 4.5% per annum, before fees, over the medium to long-term.
What is the Fund’s competitive advantage?
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https://platform.research-ip.com/funds/68527990
While the manager’s Fund Factsheet can be found on the Mint website.
Research IP says
The Fund is a diversified growth strategy that has the flexibility to invest in multiple asset classes, with a bias to growth assets. Based on the Fund’s indicative benchmark it provides a higher than typical allocation to international equities.
Investors should consider the Fund as being predominantly internationally focused, with a moderate exposure to New Zealand asset classes. The fund tends to be fully invested and is expected to have a minimal cash holding.
This Fund along with the Mint Diversified Income Fund are designed to complement each other so the investor (preferably with advice) can increase their exposure to growth or income assets to suit their personal circumstances.
Research IP observes that the manager’s basic fee is below sector peer relevant funds, while other fees disclosed by the manager are high, but this is likely due to the current fund size.
Research IP notes that the Income Fund and in particular the newer Growth Fund have performed well relative to peers and in combination offer a useful tool for investors to build a Balanced strategy.
Research IP, 19 June 2020
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