GSFM and its fund manager partner, Munro Partners, have launched the Munro Global Growth Climate Leaders PIE Fund into the New Zealand market.

Adminis Funds Limited is manager and issuer of the fund in New Zealand, and GSFM will distribute the fund to New Zealand wholesale investors.

GSFM CEO, Damien McIntyre, said the firm has been exploring the possibility of distributing its fund manager partners’ funds in the New Zealand market for some time, and is kicking off its expansion into New Zealand with the Munro fund.

“Our commitment to New Zealand is solid – and the decision was made to launch as a PIE, rather than as a feeder fund. The portfolio investment entity (PIE) gives New Zealand investors the most efficient structure for their investment.

“This New Zealand PIE follows the investment strategy of the existing Munro Climate Change Leaders Fund, which launched in Australia in 2021.

“The Munro Climate Change Leaders Fund has returned 51.1 per cent net cumulative since its inception, as at 31 March 2025. Its strong performance and focus on the growth thematic of climate and decarbonisation makes it a good fit for the New Zealand market.

“It invests in a portfolio of global companies driving and benefiting from the structural shift towards a low-carbon economy, with a focus on clean energy, sustainable transport, energy efficiency, and the circular economy”.

Mr McIntyre said the fund is initially seeded by Munro Partners, and that discussions are ongoing with a number of KiwiSaver providers for additional investment opportunities.

“The Munro fund will be the first PIE GSFM will distribute in New Zealand, but we are looking at opportunities for our other fund manager partner’s strategies, as many of them are well placed to meet the needs of this market.

“As our business continues to rapidly grow in the Australian market, we have been looking beyond our shores for the opportunity of that next leg of growth. Given our existing relationships with institutional and wholesale investors in New Zealand, it is a natural extension of our capabilities.

“We see a great opportunity to broaden reach and accessibility to our fund manager’s partner’s strategies. We will be assessing each strategy and taking into consideration the demand in the New Zealand market for certain asset classes and investment styles,” said Mr McIntyre.