Milford Asset Management

Milford operates its own KiwiSaver plan, which pools retirement contributions and invests them directly into the firm's managed fund range. Investors in the KiwiSaver Active Growth Fund, for example, are invested in a single multi-asset vehicle managed by Milford's global equities, fixed income and property teams. This vertically integrated structure means the firm controls the entire investment chain from contribution to security selection, rather than acting only as a fund-of-funds allocator.

Yes. Milford runs a full suite of standalone investment funds available to retail, high-net-worth and wholesale clients outside the KiwiSaver wrapper, as well as a dedicated Wealth Management service for investors with over NZ$500,000. The firm also operates a Private Markets division and an institutional-wholesale mandate business.

Milford's core franchise is in listed equities and fixed income, demonstrated by its Trans-Tasman Equity, Global Equity and Corporate Bond funds. The firm has progressively added a Private Markets offering that sits alongside its public-markets strategies, although the majority of its reported NZ$35 billion in funds under management remains in liquid, daily-priced vehicles.

Milford's headquarters is in Auckland, with six additional offices across New Zealand — Cambridge, Tauranga, Havelock North, Wellington, Christchurch and Wānaka — and a presence in Australia. The investment team is locally staffed but manages capital across New Zealand and Australian markets through both country-specific and regional mandates.

Milford practises active management, building concentrated, research-driven portfolios that aim to outperform benchmarks over full market cycles. The firm's investment process integrates sustainable-investing considerations and draws on its global research capability, while execution remains focused on the deep, familiar pools of Australasian public and private securities.

Milford's investment leadership has recently undergone succession as the firm scaled past the NZ$30 billion mark. While the firm does not publicly name a single CIO in its current marketing, its investment teams are structured by asset class — equities, fixed income, and private markets — each with portfolio managers responsible for security selection within their respective funds. Specific named portfolio managers change over time; current team composition is available on the firm's website.

No. Milford is an active manager by design. Every fund in its KiwiSaver and Investment Funds ranges is actively managed, with the firm explicitly positioning that active approach as central to its value proposition. Investors seeking passive market-cap exposure do not fall within Milford's target mandate.