About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Saturday, August 23rd, 4:58PM
rss
Latest Headlines

Equities boost KiwiSaver growth funds

Continued strong sharemarket performance has boosted KiwiSaver growth funds, which have been the best performers for the quarter ended September 30, according to Mercer’s KiwiSaver Survey.

Thursday, November 15th 2012, 6:53AM

by Niko Kloeten

Growth funds recorded a median return of 5.7% for the period, while KiwiSaver default funds produced the lowest results, with a median return of 2.7%. Conservative funds saw a median gain of 3.4% and balanced funds 4.6%. 

The best performing fund for the quarter was growth fund Aon Russell Lifepoints, which returned 8.5% for the quarter.  

In the 12 months to September 30, the median fund return for growth funds was 13.8%, with the best performing fund OnePath SIL Growth, returning 17.0% over the past 12 months.

The median manager (across all fund types) returned 4.8% over the quarter and 11.6% over the last 12 months (after fees but before tax). 

Philip Houghton-Brown, head of investments, Mercer New Zealand said recent fund performance is encouraging for KiwiSaver members.

“Following improved market conditions in previous months, shares were the main benefactor with growth funds faring best over the quarter,” he said.

“Despite the market unrest over the past year, growth funds continue to perform the best during this period however, they are still behind the other three multi-sector options when compared over the five years since KiwiSaver’s inception.”

Houghton-Brown said internationally the big unknown is how the US will deal with the looming “fiscal cliff”. 

“New Zealand saw a spike in the unemployment rate however, there are positive signs for local investors with additional stimulus from the rebuild of Canterbury and room to move with the official cash rate staying steady at 2.5%,” he said.

Mercer’s quarterly data shows markets united in the September quarter as announcements surrounding quantitative easing in Europe, USA and China spurred markets on to heights not reached since the Global Financial Crisis. 

“The positive returns seen in recent months for growth funds reflect a steady increase in overall market sentiment,” Houghton-Brown said.

“New Zealand shares were up 13.4% over the quarter, benefitting from the improved macroeconomic outlook, as well as a better than expected domestic earnings season.”

Niko Kloeten can be contacted at niko@goodreturns.co.nz

« Advisers asked to help default reviewFund managers call for level playing field »

Special Offers

Comments from our readers

No comments yet

Add your comment:
Your name:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Good Returns go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Van Eyk shareholder wants out
    “Feel a bit sorry for the dozen or so advisers that joined/ supported Van Eyk, hardly their fault but unlikely to be a brand...”
    1 day ago by interested
  • van Eyk suspends fund redemptions
    “This event demonstrates the challenges in remaining an independent research house, when you're also a manager of money (assuming...”
    2 days ago by Pragmatic
  • van Eyk suspends fund redemptions
    “http://www.theaustralian.com.au/business/companies/further-strife-hits-van-eyk/story-fn91v9q3-1227031253622# quote- THE...”
    2 days ago by Hmmm
  • It's always the adviser's fault - not
    “How are we supposed to keep up with continually changing policy terms, conditions, wordings and exclusions? Then a new company...”
    2 days ago by Andy
  • It's always the adviser's fault - not
    “I am sure we have all had it at times a client will ask us to go through their policy document to highlight what they have....”
    2 days ago by Mark Ogden
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AMP Home Loans 7.24 5.99 6.39 6.65
AMP Home Loans $200k+ 7.14 5.89 6.29 6.55
AMP Home Loans LVR <80% - - 5.85 6.29
ANZ 6.74 6.05 6.49 6.65
ANZ LVR > 90 6.74 6.55 6.99 7.15
ANZ Special - - 5.99 -
ASB Bank 6.75 6.09 6.40 6.65
ASB Bank Special - - 5.99 -
BankDirect 6.75 6.09 6.99 6.65
BankDirect Special - - 5.99 -
BNZ - Classic - - 5.99 6.25
Lender Flt 1yr 2yr 3yr
BNZ - GlobalPlus 6.74 5.99 6.39 6.59
BNZ - Mortgage One 7.15 - - -
BNZ - Rapid Repay 6.74 - - -
BNZ - Std, FlyBuys 6.74 5.99 6.39 6.59
BNZ - TotalMoney 6.74 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 5.90 6.50 -
Credit Union North 6.45 - - -
Credit Union South 5.75 - - -
eMortgage 6.04 6.15 6.69 7.19
Finance Direct 6.10 6.45 6.69 7.10
Lender Flt 1yr 2yr 3yr
First Credit Union 6.45 - - -
General Finance 5.95 6.25 6.50 7.10
HBS Bank 6.15 5.85 5.99 6.25
HBS Special - - - 5.95
Heartland 6.45 6.75 7.00 7.60
Heretaunga Building Society 6.25 5.85 6.50 -
Housing NZ Corp ▲6.74 ▼5.99 ▼6.19 6.60
HSBC Premier 6.84 5.95 ▼5.95 ▲6.55
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 6.75 5.99 6.39 -
Lender Flt 1yr 2yr 3yr
Kiwibank 6.40 5.99 6.39 6.65
Kiwibank - Capped 5.65 6.50 - -
Kiwibank - Offset 6.30 - - -
Kiwibank LVR > 80% - - 5.99 -
Liberty 5.64 - - -
Napier Building Society 5.80 6.00 6.70 -
Nelson Building Society 6.95 6.15 6.60 -
NZ Home Loans 6.85 6.09 6.40 6.65
Perpetual Trust 7.70 - - -
RESIMAC LVR < 80% 6.59 ▲6.35 ▲6.58 ▼6.77
RESIMAC LVR < 85% - - - -
Lender Flt 1yr 2yr 3yr
RESIMAC LVR < 90% - - - -
RESIMAC LW DOC - - - -
SBS Bank 6.15 5.85 5.99 6.25
SBS Bank Special - - - 5.95
Silver Fern 5.95 6.10 6.55 7.05
Sovereign 6.85 6.09 6.40 6.65
Sovereign Special - - 5.99 -
The Co-operative Bank 6.70 6.00 6.00 6.25
TSB Bank 6.74 6.00 6.19 6.60
TSB Special - - 5.80 -
Wairarapa Building Society 6.20 5.75 5.95 -
Lender Flt 1yr 2yr 3yr
Westpac 6.59 6.09 6.39 6.65
Westpac - Capped rates - 6.74 6.99 -
Westpac - Offset 6.59 - - -
Westpac Special - - 5.99 -
Median 6.64 6.03 6.39 6.65

Last updated: 22 August 2014 10:14am

News Quiz

Pathfinder's monthly commentary questions whether world equity markets are in bubble territory given the S&P500 has done what since "the grim days of early 2009"? Their answer is worth reading!

increased 139%

increased 93%

increased 39%

increased 19%

increased 193%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by PHP Developer and eyelovedesign.com