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.
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.