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Silver ratings for AMP KiwiSaver

Morningstar has given silver ratings to a range of AMP KiwiSaver funds.

Thursday, July 30th 2015, 6:00AM

It awarded the rating to its aggressive, growth, moderate balanced, moderate, conservative and balanced funds.

It is the second year AMP KiwiSaver funds have received silver ratings.

Bronze, silver and gold ratings indicate the level of conviction Morningstar has in recommending a fund. It can also rate funds neutral and negative.

Morningstar said AMP KiwiSaver has one of the most impressive multisector investment teams in the market.

“Although performance has gotten the wobbles in recent years, we continue to believe the team will deliver long-run risk-adjusted returns that better most peers,” analyst Elliot Smith said.

Morningstar recently gave neutral ratings to ASB’s balanced, conservative, growth and moderate funds.

Smith had praise for Peter Verhaart, head of AMP’s New Zealand’s multi asset group.

“Verhaart is supported by head of investment strategy Keith Poore and chief economist Bevan Graham, they form an accomplished partnership. Verhaart is focussed on strategic positioning and manager research, while Poore concentrates on dynamic asset allocation and Graham on macroeconomics. Their deep investment thinking and grasp over the investment process induces confidence.”

He said AMP had a focus on long-term returns and could be less opportunistic than other managers.

Tags: AMP KiwiSaver

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Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.05 4.05 4.49
ANZ Special - 3.55 3.55 3.99
ASB Bank 5.20 3.89 4.05 4.39
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BNZ - Mortgage One 5.90 - - -
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China Construction Bank Special - 3.19 3.19 3.19
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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 - - - -
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Heartland Bank - Online - - - -
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HSBC Premier 5.24 3.54 3.54 3.69
HSBC Premier LVR > 80% - - - -
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HSBC Special - - - -
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Resimac 4.50 4.45 3.89 3.94
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