Amova KiwiSaver Review (2026)

Amova runs the GoalsGetter KiwiSaver Scheme, a menu of 18 funds from Amova, Milford, Generate, Pathfinder and Salt, with fees from 0.40% to 1.51% p.a. plus $2.50 a month.

Brent Coleman

Finance Creator & Banking Professional

Published:

October 6, 2026

Last updated:

October 6, 2026

What is Amova?

Amova Asset Management New Zealand Limited is a New Zealand fund manager established in 1994 and led by Stuart Williams. You may know it by its former name, BNZ Investment Services. Its parent company, Amova Asset Management, is one of Asia's largest asset managers, and Amova NZ partners with Goldman Sachs, NAM Europe and ARK for its international investments.

What can you invest in?

GoalsGetter KiwiSaver Scheme: Amova's KiwiSaver scheme, with 18 funds from Amova, Milford, Generate, Pathfinder and Salt.
Amova managed funds: a separate, non-KiwiSaver range. Five of these funds are available on InvestNow: Concentrated Equity, Core Equity, Global Shares, Global Shares Hedged and NZ Corporate Bond.

Amova also manages money for other providers. For example, it manages the NZ fixed interest portion of the MAS KiwiSaver Scheme's funds.

Fees

GoalsGetter KiwiSaver Scheme fund fees:

GoalsGetter KiwiSaver Fund	Management Fee	Performance Fee	Estimated Total
Generate Focused Growth Fund	1.508%	0.00% (est.)	1.51%
Amova High Growth Fund	1.35%	N/A	1.35%
Milford Aggressive Fund	1.35%	0.00% (est.)	1.35%
Milford Active Growth Fund	1.25%	0.15% (est.)	1.40%
Amova Growth Fund	1.29%	N/A	1.29%
Pathfinder Ethical Growth Fund	1.51%	N/A	1.51%
Salt Capital Growth Fund	1.30%	N/A	1.30%
Generate Balanced Fund	1.485%	0.00% (est.)	1.49%
Milford Balanced Fund	1.25%	0.01% (est.)	1.26%
Amova Balanced Fund	1.14%	N/A	1.14%
Milford Conservative Fund	1.05%	N/A	1.05%
Amova Conservative Fund	0.90%	N/A	0.90%
Generate Thematic Fund	1.45%	N/A	1.45%
Amova ARK Disruptive Innovation Fund	1.45%	N/A	1.45%
Amova Global Shares Fund	1.35%	N/A	1.35%
Amova SRI Equity Fund	1.15%	N/A	1.15%
Amova NZ Cash Fund	0.40%	N/A	0.40%
Amova NZ Corporate Bond Fund	0.70%	N/A	0.70%

A flat membership fee of $2.50 a month ($30 a year) applies on top of every fund fee above. Each GoalsGetter fund fee includes a 0.20% servicing and advice fee. It goes to your financial adviser if you have one, and otherwise funds the GoalsGetter advice tool.

Performance

The GoalsGetter Amova ARK Disruptive Innovation Fund is the strongest performer in the range, returning 21.6% over one year and 25.1% a year over three years to 30 June 2026.

The bottom line

Amova's GoalsGetter gives you a wide menu of KiwiSaver funds from several well-known managers in one scheme, with advice built into the fee. That built-in advice cost makes it pricier than a low-cost index provider.