Core Global Fund · For New Zealand wholesale investors
Systematic global investing, built for New Zealand.
Core Global Fund is a global, long-only portfolio designed to adapt as market risk, liquidity and supply conditions change.
For New Zealand wholesale investors, advisers and family offices.
Global & liquid
Long-only & unlevered
NZD-aware
Rules-based allocation
01 / The fund
A core portfolio should not stand still.
Most balanced portfolios hold a broadly fixed mix through very different markets. Core Global uses familiar portfolio building blocks, assembled more deliberately: global growth assets, defensive income, diversifiers and cash, with exposure adjusted as conditions change.
One coherent portfolio
Global growth, defensive assets, diversifiers and cash are managed as one system rather than as disconnected product sleeves.
Risk changes with conditions
Exposure adjusts through disciplined monthly decisions, with explicit out-of-cycle controls when regime or liquidity conditions change materially.
Built for real ownership
Long-only, unlevered ETF implementation keeps the underlying portfolio transparent, liquid and operationally grounded.
A global core allocation designed to adapt.
Core Global Fund is designed for wholesale investors seeking global growth exposure, active downside management and a systematic alternative to a static balanced portfolio.
Growth
Global equity exposure and deliberately capped thematic expressions.
Defensive / Income
Global fixed income and inflation-aware defensive assets.
Diversifiers
Gold, broad commodities and other structurally present diversifying exposures.
Cash / Liquidity
Liquid short-duration holdings that create resilience and capacity to redeploy.
For a New Zealand investor, currency is part of portfolio risk. Core Global manages its NZD hedge deliberately rather than treating it as a fixed administrative setting.
The portfolio is reviewed systematically at month-end, with rules-based out-of-cycle changes when regime or liquidity conditions move materially.
02 / How it works
One portfolio.
Three distinct questions.
Risk Pulse sets the risk budget. Liquidity Check tests the integrity of the opportunity. Supply Lens helps determine the form of defence.
Risk Pulse
How much risk should the portfolio take?Combines cross-asset information from the United States, Europe and Japan to assess whether markets are rewarding or rejecting risk. It sets the portfolio’s overall risk budget and helps determine the balance between growth, defence and cash.
Liquidity Check
Is the financial system healthy?Measures the condition of market plumbing, including funding stress and dealer capacity. It helps distinguish an ordinary market decline from a genuine liquidity event, when apparently attractive risk may be difficult or unsafe to add.
Supply Lens
What kind of defence is appropriate?Identifies whether inflation and supply constraints are likely to change the behaviour of traditional defensive assets. It helps shape the mix between nominal bonds, inflation-aware assets, gold and commodities.
03 / Built to own
Complexity belongs inside the process—not in the investor experience.
Transparent holdings
A portfolio of liquid, observable instruments rather than opaque exposures.
No structural leverage
Risk is managed through allocation, not hidden borrowing or derivative gearing.
NZD implementation
Currency and real-world trading costs are treated as portfolio decisions.
Rules with boundaries
Systematic decisions operate inside explicit governance and risk controls.
04 / About
nSixteen Capital
Wellington, New Zealand
Sound building blocks, refined deliberately.
nSixteen Capital is a Wellington-based investment manager focused on systematic global allocation for New Zealand wholesale investors.
The investment process brings together experience in institutional markets, trading, risk management, regulatory governance and investor communication. That experience is expressed through a practical portfolio: global, liquid, rules-based and designed for the realities of New Zealand ownership.
We believe good investment design is rarely about finding exotic ingredients. It is about choosing sound building blocks, understanding how they behave together and refining the details that determine the investor’s real experience.
Rules do the heavy lifting. Governance protects the integrity of the process.
Core Global Fund
Start with the investor overview.
For a concise explanation of the portfolio role, investment process, terms and key risks, request the current Core Global Fund investor overview.
Request investor overview ↗ For wholesale investors and their advisers.