Fund Type: NZ Only - Global Quality Equity Pie Fund

Global equities declined 3.19% in New Zealand dollar terms in July, with emerging markets among the weakest-performing regions. Market leadership also became less concentrated during the month,

The question that matters now The question is no longer whether artificial intelligence will be transformative. It will be. The more important investment question is where sustainable shareholder value will accrue as this technology becomes increasingly embedded across the economy.

The most important point to make this month is that the portfolio has not changed its character. We continue to own companies with strong competitive positions, high returns on capital, healthy balance sheets and long-term growth opportunities. What

In April, the concentrated selection of stocks we have in our portfolio delivered a return of 0.31%. The broader market, as measured by the MSCI ACWI ex Australia Index, rose 6.8% over the month while emerging market equities delivered their strongest absolute return since 2009.

Different parts of the market have been pulled in different directions simultaneously: energy surged while technology retreated; defensives lagged while cyclicals briefly led; geographies...

The Fund faced short-term headwinds for the month posting a negative return whilst retaining the essential longer term double-digit returns after fees.

The Insync Global Quality Equity PIE Fund returned -3.00% over the month and 0.92% for the last 6 months to January 2026.

The Insync Global Quality Equity PIE Fund returned -1.73% over the month and 4.05% since its inception on 13 August 2025.