Enhanced Income Fund
The fund aims to provide relatively consistent returns, better than ‘on call’ bank accounts.
It aims to achieve returns – after fees but before tax – of at least 1% per year above inflation over any 2-year period.
Generally, there may be small movements up and down in the value of the fund.
The fund invests primarily in New Zealand fixed interest investments but may also invest in international fixed interest investments.
The risk indicator is rated from 1 (low) to 7 (high).
The rating reflects how much the value of the fund’s assets goes up and down – the 'volatility'. A higher risk generally means higher potential returns over time, but more ups and downs along the way.
While risk indicators are usually quite stable, they do shift from time to time. Check the most recent risk indicator for this fund in the latest quarterly fund update.
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