tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Monday, June 14th, 8:49AM

Investments

rss
Latest Headlines

KiwiSaver bounces back

A solid quarter has seen KiwiSaver investments shake off the impact of Brexit-induced market turmoil.

Wednesday, October 26th 2016, 2:39PM

Morningstar has released its latest KiwiSaver report, which shows all options returned positive results over the September quarter.

After market wobbles earlier in the year dented their fortunes, growth-oriented funds returned to outperforming their more conservative counterparts.

Morningstar said this was a return to normal expectations of risk/return profiles.

Quarterly returns ranged on average from 4.32% for aggressive multi-sector vehicles through to 1.61% for conservative funds. Over the year to 30 September, average returns ranged from 10.27% (growth) to 6.66% (conservative).

“Investment markets rose in the third quarter, as the impact of the Brexit vote in June wore off,” Morningstar Australasia director of manager research Tim Murphy said. “The Kiwi sharemarket had a very strong July, and finished the quarter with a 6.7% return. This healthy market performance translated into positive quarterly results from KiwiSaver funds, particularly benefitting options with higher allocations to growth assets.”

The Fisher TWO KiwiSaver Cash Enhanced was the strongest performer in the multi-sector conservative category (2.03%) over the September quarter, and Aon Lifepoints Moderate (2.88%) was on top in the multi-sector moderate category.

Aon Lifepoints Balanced took pole position among multi-sector balanced funds (3.67%). BNZ KiwiSaver Growth was the best-performing growth fund in the September quarter (4.56%), while Booster KiwiSaver Geared Growth took the top spot among multi-sector aggressive funds (5.65%).

In some cases, the provider that savers chose could make as much difference as the type of fund they were in.

Some of the conservative funds have been outperforming their riskier peers.

Aon Russell’s Lifepoints conservative fund has returned 8.8% per year over the past five years, better than AMP and Booster’s balanced schemes.

Over one year, it returned 8.6%, which also put it ahead of Kiwi Wealth’s balanced scheme, OneAnswer’s balanced scheme and Booster’s AC growth scheme.

Over the five years to September 30, ANZ’s OneAnswer KiwiSaver Growth has produced the strongest performance among the growth multi-sector funds, returning 13.9 per cent per year.

FANZ Lifestages KiwiSaver Income had a tough quarter. The fund’s exposure to growth assets consists of property and infrastructure. With no exposure to equities, domestic or international and a heavy weighting to New Zealand and global fixed interest, the fund struggled against peers and the category index.

It returned 5.1% over the year, well down on the 6.7% average for the conservative group

Tags: KiwiSaver Morningstar

« Don't dismiss KiwiSaver, advisers toldFMA offers KiwiSaver advice guidance »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

News and information about KiwiSaver

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 ▼2.19 2.59 ▲2.99
ANZ 4.44 ▼2.79 3.19 ▲3.59
ANZ Special - ▼2.19 2.59 ▲2.99
ASB Back My Build 1.79 - - -
ASB Bank 4.45 ▼2.19 2.59 ▲2.99
Basecorp Finance 5.49 - - -
Bluestone 3.49 3.34 2.99 3.34
BNZ - Classic - 2.25 2.55 ▲2.99
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 2.85 3.15 ▲3.59
Lender Flt 1yr 2yr 3yr
BNZ - TotalMoney 4.55 - - -
CFML Loans 4.95 - - -
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland ▲5.95 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland Bank - Online 1.95 1.85 2.35 2.45
Heretaunga Building Society 4.99 ▲3.80 ▲3.90 -
HSBC Premier 4.49 ▼2.19 ▲2.45 ▲2.69
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - 2.25 - -
ICBC 3.69 2.25 2.35 2.65
Kainga Ora 4.43 2.67 2.97 3.13
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 3.40 3.04 3.40 3.84
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.19 2.55 2.99
Liberty 5.69 - - -
Nelson Building Society 4.95 3.20 3.24 -
Pepper Essential 4.79 - - -
Lender Flt 1yr 2yr 3yr
Resimac 3.39 ▼2.98 ▼2.79 ▼3.29
SBS Bank 4.54 2.69 2.99 3.29
SBS Bank Special - 2.19 2.49 2.79
Select Home Loans 3.49 3.34 2.99 3.34
The Co-operative Bank - First Home Special - 2.09 - -
The Co-operative Bank - Owner Occ 4.40 2.25 2.59 ▲2.94
The Co-operative Bank - Standard 4.40 2.75 3.09 ▲3.44
TSB Bank 5.34 ▼2.99 ▲3.35 3.59
TSB Special 4.54 ▼2.19 ▲2.55 2.79
Wairarapa Building Society 4.99 3.55 3.49 -
Westpac 4.59 2.85 3.19 ▲3.59
Lender Flt 1yr 2yr 3yr
Westpac - Offset 4.59 - - -
Westpac Special - 2.25 2.59 ▲2.99
Median 4.55 2.68 2.99 2.99

Last updated: 14 June 2021 8:26am

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