Investing for Public Trust customers

Grow your asset for future generations

Whether your needs are short or long term, we’ve got an investment solution to meet your circumstances. Public Trust has been taking care of Kiwis and their money for almost 150 years.

If we’re already the trustee of an estate or trust, the property attorney under an EPA or property manager under the PPPR Act, Public Trust can also act as your investment partner.

Our investment options are not available to members of the public, and the Diversified Funds and the Personalised Portfolio Service are not regulated offers under the Financial Markets Conduct Act 2013.

Short term and long term investment options

We offer two levels of service to meet your investing needs:

1. Diversified funds

Invest in a range of Public Trust managed funds with a minimum investment of $5,000.

Funds are chosen using our specialist in-house investment planning tool, which is based on what is appropriate for most people in a certain group or class (it is not tailored to your individual circumstances).

The funds are portfolio investment entities (PIEs), with tax advantages including tax on investment being capped at 28%.

Funds are invested in assets such as shares, bonds, and cash. Each of these funds invests in a single asset class, for example global shares.

Further information on the diversified funds can be found in:

Information Statement (PDF)
Investment Beliefs and Strategy (PDF, 839 KB)
Investment Fund Unit prices
Quarterly updates

Our fees are changing

From July 1st 2022, we are changing the way that we charge for our investment services. At Public Trust, we continuously strive to provide value for our clients. As such, we have simplified our fee structure and reduced our management fees across our managed funds and portfolios.

All Diversified Funds have had their management fees reduced to 0.85% and the Cash Fund has been reduced to 0.30%. For the vast majority of our clients (over 99%), this represents an overall reduction in fees.

Our rebate rates have also changed. This fee update does result in an increase in overall fees for a very small group of clients. These clients will be receiving further rebates to offset this increase to ensure their fees remain the same.

Please see below our new fee structure, compared to our old fee structure. If you have any questions, please get in contact with us.

New fee schedule for 2022:

2. Personalised portfolio service

Specialist investment advice for wholesale trusts with over $2,000,000 to invest.

Receive personalised financial advice from an experienced investment adviser, for a tailored portfolio that meets the specific requirements of your trust.

Includes custody services and comprehensive reporting.

Funds are invested in assets such as shares, bonds, and cash. Each of these funds invests in a single asset class, for example global shares.

How much does it cost?

Our charges are based on the complexity of your situation. We’ll provide you an estimate of the costs involved, so you know what to expect from the start.

How we invest

Our investment beliefs provide a basis for the strategic management of the investment portfolios under our care. They are a guide for decision making, and provide an insight into how we invest your funds.

	Investment Belief	Implications for the Portfolio
Governance	Investment Belief 1 An effective governance and decision making structure adds value by seeking to preserve and create long term financial security and sustainability of our customers.	Clear lines of accountability Independent assurance Independent member of management investment committee Management delegations around portfolio management decisions
Fund Purpose	Investment Belief 2 Portfolio management should be focused on current and future beneficiaries’ individual specific investment objectives, including risk tolerances and investment horizons.	Products should be a suitable proposition for current and future beneficiaries Product suite should be reviewed
	Investment Belief 3 Both the capital and income component of total return are relevant to the investment objective.	Expected income and capital generated from a portfolio should meet the needs of current and future beneficiaries
Asset Allocation and Markets	Investment Belief 4 Strategic asset allocation (SAA) is the dominant determinant of portfolio risk and return. A strategic asset allocation is likely to outperform an active short term approach.	Majority of risk and return in a portfolio is derived from the SAA SAA is the most important decision No belief around tactical or dynamic asset allocation
	Investment Belief 5 Risk and return are interrelated — higher returns are only achievable through increased risk.	Greater exposure to growth assets will generate higher returns subject to increased risk Growth profiles will generate greater returns
	Investment Belief 6 Environmental, social and governance (ESG) factors impact investment returns and risk.	ESG considerations enhance a portfolio’s return and reduce risk
Asset Class Structures	Investment Belief 7 Investment markets are competitive and dynamic, with active returns very difficult to find and constantly changing source.	Financial markets are efficient Passive approach to asset management Only take active risk when we have a strong belief that we will be rewarded for it
	Investment Belief 8 Costs and tax matter and need to be effectively managed.	Minimise, as far as possible, any cost leakage from the investment process so as to ensure that the income and capital beneficiaries are getting value for money