What is SIPO (Statement of Investment Policy and Objectives)?
The Statement of Investment Policy and Objectives is the legally required document that sets out how a KiwiSaver scheme fund will be invested.
Detailed Explanation
The SIPO covers strategic asset allocation ranges, benchmarks, currency hedging policy, responsible investment policy, liquidity, and rebalancing rules. A material change to the SIPO must be notified to members. Use the SIPO to verify a fund actually invests the way the marketing copy describes.
Example
Illustrative example — A growth fund SIPO might specify 70–90% growth assets with a 78% target, MSCI World and S&P/NZX 50 benchmarks, and a 50% currency hedge on global equities.
Frequently Asked Questions
How often is the SIPO updated?
Whenever the policy materially changes; otherwise periodically reviewed by the manager and supervisor.
Related Terms
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