The goal of the Harbour Active Multi Manager Global Equities Fund is to provide a balanced and diversified way to access active global equities.
"Traditional passive global equity portfolios are increasingly concentrated in US markets and large technology companies, which can create unintended risks for investors. This fund addresses that by combining multiple active managers with different investment styles, helping to mitigate these risks and improve diversification," Harbour says.
"It also fills a gap in the New Zealand market by offering broad active global equity exposure in a single, easy‑to‑access solution, without the complexity of managing multiple managers directly."
The fund combines a range of complementary managers, and will initially launch with three managers.
- Acadian Asset Management – a quantitative manager using a diversified systematic approach
- Antipodes Partners – a fundamental manager focused on pragmatic value investing across global markets
- T. Rowe Price – a fundamental manager running a high‑conviction growth strategy focused on companies with strong long‑term earnings potential.
A fourth manager, expected to be a quality‑focused manager, will be added to further round out the portfolio.
Each manager brings a distinct style, providing broad exposure across investment approaches.
"The managers were selected to create a well‑diversified, all‑weather portfolio. Each manager has a distinct investment style, spanning quantitative, value, growth, and (in time) quality, which helps reduce reliance on any single approach and improves balance across different market conditions.
"Together, they provide complementary exposures, allowing each manager’s process to contribute to returns while helping to manage risk more effectively through diversification."
Both unhedged and 100% NZD‑hedged New Zealand PIE funds will be available.
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