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Strong end to 2010 for KiwiSaver

KiwiSaver funds ended 2010 strongly with positive returns across all sectors for the December quarter - and the year - according to the latest Mercer KiwiSaver Survey.

Tuesday, February 8th 2011, 4:29PM

KiwiSaver growth funds - which have the greatest exposure to shares and property - performed best with a median return of 3.7% for the quarter ended December 31. The best performing fund for the quarter was the AMP Aggressive Growth Fund, with a 6.3% return.

By comparison, the more conservative default fund, had a median return of 0.9%.

Positive returns across the board were enjoyed by all KiwiSavers over last year.

For the whole of 2010, growth funds and balanced funds performed best with median returns of 7.1%, while conservative funds had 6.1% and default funds 5.9%.

At the start of 2010, an investment of $100 in the median default fund would be nearly $106, Conservative fund $106, Balanced and Growth funds $107, excluding the impact of any employer or government contributions.

Among the top performing Growth funds the Fisher Funds Growth Fund was the best performer, up 12.1% in the 12 months to December 2010.

Over the year the best performing fund in the Default sector was the Mercer Conservative (6.2%), the best performing Conservative fund was the Aon Russell Lifepoints 2015 (10%) and the best performing Balanced fund was the Aon Russell Balanced (10.4%).

However, since the scheme’s launch in 2007 funds with the highest allocation to bonds and cash remain the best performers, reflecting volatile sharemarket performance over that period.

« KiwiSaver overtakes managed funds and shares Morningstar KiwiSaver Performance Survey »

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Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 3.95 4.15 4.49
ANZ Special - 3.45 3.65 3.99
ASB Bank 5.20 3.89 4.05 4.39
ASB Bank Special - 3.39 3.55 3.89
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BNZ - Classic - 3.49 3.55 3.89
BNZ - Mortgage One 5.90 - - -
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BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
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China Construction Bank 5.50 4.70 4.80 4.95
Lender Flt 1yr 2yr 3yr
China Construction Bank Special - 3.19 3.19 3.19
Credit Union Auckland 5.95 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union North 6.45 - - -
Credit Union South 5.65 4.75 4.75 -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.65 4.80 -
HSBC Premier 5.24 3.54 ▼3.20 3.69
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 3.97 4.05 4.39
Kiwibank 5.15 4.20 4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.45 3.55 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
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Pepper Money Near Prime 5.64 - 5.44 5.44
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Pepper Money Specialist 7.59 - 7.39 7.39
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The Co-operative Bank - Owner Occ 5.15 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
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TSB Bank 6.09 4.19 4.35 4.69
TSB Special 5.29 3.39 3.55 3.89
Wairarapa Building Society 5.50 3.95 4.05 -
Westpac 5.34 4.15 4.09 4.49
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Median 5.34 3.96 4.09 4.39

Last updated: 14 February 2020 10:02am

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