A flexible way to invest
Unlike a KiwiSaver account or term deposit, your money isn’t locked away for a fixed term. You can top up your investment, or request a withdrawal, when you need.^
YouWealth managed funds
YouWealth has five managed funds that aim to help you earn better potential returns in the long term. You can top up or request a withdrawal when you need.
Issued and managed by Harbour Asset Management Limited.
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Benefits of YouWealth
Simple fee structure
Harbour offers the same management fee for all YouWealth funds, regardless of your investment amount.
Manage your account online
You can create multiple YouWealth accounts^ and manage your investment at any time in Internet Banking or the BNZ app.
Compare YouWealth funds
YouWealth has a choice of five funds to invest in, each offering a different level of potential return depending on the types of assets the funds are invested in, and the amount of risk you’re willing to take.
Growth assets^ will typically experience larger movements in value compared to income assets^, so they have the potential to achieve higher investment returns over the longer term, however you need to be willing to accept more risk.
High Growth Fund
Minimum suggested investment timeframe
12 years
The High Growth Fund aims to achieve the highest returns of the Funds over the long term.
Target investment mix
100% growth assets^
| 33% |
|
Australasian equities |
| 67% |
|
International equities |
Growth Fund
Minimum suggested investment timeframe
10 years
The Growth Fund aims to achieve higher returns over the long term.
Target investment mix
20% income, 80% growth assets
| 1% |
|
Cash & cash equivalents |
| 5% |
|
New Zealand fixed interest |
| 14% |
|
International fixed interest |
| 27% |
|
Australasian equities |
| 53% |
|
International equities |
Balanced Fund
Minimum suggested investment timeframe
7 years
The Balanced Fund aims to achieve a medium level of return over the medium to long term.
Target investment mix
40% income, 60% growth assets
| 5% |
|
Cash & cash equivalents |
| 9% |
|
New Zealand fixed interest |
| 26% |
|
International fixed interest |
| 20% |
|
Australasian equities |
| 40% |
|
International equities |
Moderate Fund
Minimum suggested investment timeframe
5 years
The Moderate Fund aims to achieve moderate returns over the medium term.
Target investment mix
60% income, 40% growth assets
| 15% |
|
Cash & cash equivalents |
| 11% |
|
New Zealand fixed interest |
| 34% |
|
International fixed interest |
| 13% |
|
Australasian equities |
| 27% |
|
International equities |
Conservative Fund^
Minimum suggested investment timeframe
3 years
The Conservative Fund aims to achieve relatively stable returns over the short to medium term.
Target investment mix
80% income, 20% growth assets
| 25% |
|
Cash & cash equivalents |
| 14% |
|
New Zealand fixed interest |
| 41% |
|
International fixed interest |
| 7% |
|
Australasian equities |
| 13% |
|
International equities |
Partnering with Harbour
Harbour Asset Management Limited (Harbour) issues and manages the investment products available through BNZ. This includes the BNZ KiwiSaver Scheme, YouWealth, BNZ Term Pie, and Private Wealth Series. BNZ distributes these products.
Harbour is a New Zealand-based investment manager and was named Morningstar Overall Fund Manager of the Year, New Zealand, in 2025 and 2026.^
Management fee
The management fee is used to pay for the management of each fund’s assets, including underlying investment costs, the Supervisor’s fee and administration costs of the funds (such as audit fees, registry services and unit pricing and accounting services).
The fee is calculated as a percentage of the net asset value of each fund, and is already deducted from your investment, so returns will be reduced. You don’t need to pay this separately and it doesn’t appear as a transaction on your account.
The fee is calculated as a percentage of the net asset value of each fund, and is already deducted from your investment, so returns will be reduced. You don’t need to pay this separately and it doesn’t appear as a transaction on your account.
Help with choosing a fund
What fund could suit you
Use this guide to help you decide which of the five different YouWealth managed funds might suit your needs and circumstances right now.
Calculate potential returns
This balance calculator can help you decide how much to invest by calculating how your balance might grow over your chosen investment time frame.
Returns on YouWealth managed funds
YouWealth fund performance to 31 July 2026.^
Returns are calculated after deducting management fees but before deducting tax.
Past performance is no guarantee or indication of future performance.
The inception date of the YouWealth funds was 21 May 2018, except for the High Growth Fund, which was released on 28 November 2023.
YouWealth quarterly fund updates
How to open a YouWealth account
BNZ customers - You can open a YouWealth account through Internet Banking or the BNZ app.
New to BNZ - You’ll need to open a transactional account with us and register for Internet Banking, before you can apply for a YouWealth account.
Managing your account
Access your money or top up your investments when you need.
Access your money
Request a withdrawal when you need to access your money.^
Top it up
Top up your investments whenever you like by setting up regular payments or making a lump-sum payment.
Switch your fund
Choose between five funds and switch between them at any time depending on your investment goals.
Product Disclosure Statement
Harbour Asset Management Limited is the Issuer and Manager of YouWealth. A replacement Product Disclosure Statement for YouWealth has been lodged at www.disclose-register.companiesoffice.govt.nz (search for YouWealth).
Download a copy of the current YouWealth Product Disclosure Statement (PDF 932KB).
Investments help and support
To find out more about investing, see our guide to investing.
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