Silver start for KiwiSaver scheme

ANZ Investments has received a silver rating for all of the multi-asset class funds in its three KiwiSaver schemes, from research house Morningstar.

Tuesday, April 1st 2014, 4:42PM

"ANZ Investments’ KiwiSaver schemes continue to set the standard for multi-sector investing in New Zealand…we believe they are among the best KiwiSaver options in New Zealand," Morningstar says.

ANZ Wealth managing director, John Body said: “This is a fantastic achievement and recognises the experience and disciplined processes of our investment management business. Whether investors chose a conservative, balanced or a growth fund, ANZ Investments funds have a silver rating, ranking them among the best in the country.”

Until this year, bronze was the highest rating achieved by multi-asset class funds in a KiwiSaver scheme.

Morningstar said it consider the firm's knowledge and stable team and the time-tested and repeatable investment process to be truly competitive advantages. "We believe these will continue to add value and provide the foundations for healthy future performance.”

ANZ Investments is New Zealand’s largest KiwiSaver provider in terms of members and funds under management, with more than 585,000 members and $4.8 billion in funds under management.

ANZ Investments has a gold star rating from Morningstar for its single-asset class, International Share Fund in the OneAnswer KiwiSaver scheme.

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