First Growth Pen

45554

First Growth Pen 45554 Strategy

In this option, investments are spread across property, fixed income, equities, infrastructure and cash. This option has a higher risk / return than Balanced, as it has more investments in growth assets. Over the longer term it is likely to outperform other investment options, except Shares Plus.
The investment objective & strategy is a summary of the investment's principal strategy as written in the prospectus. This information is pulled from the most recent product disclosure document.

Funds News & Analysis

funds

Listed Investment Companies monthly performance: August 2025

The Morningstar LIC monthly report provides a snapshot of ASX-listed LICs, and whether they are trading at a premium or a discount to their net tangible assets (NTA).
funds

Another dawn for hedge funds?

The opportunity and evolving role of hedge funds for investors today.
funds

The hidden costs of passive investing

Index funds and systematic strategies face trading frictions that quietly erode investor returns.

Morningstar Investment Ideas

Markets

Index
Last price
Change
% Change
All Ordinaries9,299.0021.900.24%
CAC 408,077.00157.381.99%
DAX 4024,210.9825.96-0.11%
Dow JONES (US)46,371.91101.450.22%
FTSE 1009,424.7528.02-0.30%
HKSE25,910.60469.251.84%
NASDAQ22,671.41149.710.66%
Nikkei 22547,672.67825.351.76%
NZX 50 Index13,307.4030.410.23%
S&P 5006,674.4530.140.45%
S&P/ASX 2008,990.9022.200.25%
SSE Composite Index3,912.2146.981.22%

Market Movers