Growth funds report strong returns
None of the KiwiSaver funds monitored by Morningstar have experienced negative returns over any of the one-, three- or five-year monitoring periods, which co-head of fund research Chris Douglas says has come as a pleasant surprise.
Morningstar yesterday released its KiwiSaver Performance Survey to March 31.
Douglas said the first quarter of the year had been a busy one for KiwiSaver providers, with several closing funds to new investment and BNZ joining the market.
Douglas said the latest return pattern was much as most people would expect. “When equity markets are strong, balanced growth and aggressive funds do better...MORE»
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