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: Wednesday, July 28th, 2:22PM

Investments

rss
Latest Headlines

Simplicity's growth fund posts early success

KiwiSaver provider Simplicity's managing director Sam Stubbs says his funds' first reported performance data are like "winning a bronze medal in your first event" despite a poor showing from its conservative fund.

Friday, February 3rd 2017, 6:00AM

Morningstar has released its KiwiSaver survey for the December quarter.

Kiwi Wealth's growth fund was a standout performer, thanks in part to its allocation to international assets.

But the new, low-fee market entrant also had an early win. It was the best performing growth fund in the quarter, returning 1.9% after fees and before tax.

The Kiwi Wealth KiwiSaver Growth, which Morningstar classifies as a multi-sector aggressive fund, returned 4.35% over the same period.

Stubbs said the result should surprise some of Simplicity's actively managed competitors.

"They are supposed to outperform the market and index tracking funds like ours, by picking winners. In most cases this hasn't happened. This is particularly embarrassing in the last quarter, when there was lots of volatility, and markets that should be favourable to stock pickers."

Melville Jessup Weaver also produced data, which put Simplicity in the middle of the pack for balanced funds, second-worst - to Fisher Funds - among the conservative and third-highest among the growth funds.

MJW has a bigger group of funds in its growth classification than Morningstar's and ranks Kiwi Wealth in the same category.

Stubbs said the growth fund was Simplicity’s “flagship” product, and 75% of its members were in it.

He said the poor performance of bonds had dragged down the conservative fund.

"Overall the business is going very well. After five months we have over 3200 members, $85,000,000 funds under management, are saving members $750,000 in fees annually, and are donating $35,000 to charity."

Over the five years to the end of 2016, Morningstar found ANZ OneAnswer KiwiSaver Growth, Milford KiwiSaver Balanced, and Aon Russell Lifepoints had been the top-performing options in their respective categories.
 

Tags: Simplicity

« KiwiSaver quake moves spark warningKiwiSaver popularity brings attention to 'second-order' problems »

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

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 2.55 2.95 3.29
ANZ 4.44 3.10 3.50 3.84
ANZ Blueprint to Build 1.68 - - -
ANZ Special - 2.50 2.90 3.24
ASB Back My Build 1.79 - - -
ASB Bank 4.45 2.55 2.95 3.29
Basecorp Finance 5.49 - - -
Bluestone 3.49 3.34 2.99 3.34
BNZ - Classic - 2.55 2.95 3.25
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Std, FlyBuys 4.55 3.15 3.22 3.85
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 -
Lender Flt 1yr 2yr 3yr
HSBC Premier 4.49 2.19 2.45 2.69
HSBC Premier LVR > 80% - - - -
HSBC Special - 2.25 - -
ICBC 3.69 2.15 2.35 2.75
Kainga Ora 4.43 2.67 2.97 3.13
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 3.75 3.34 3.34 4.14
Kiwibank - Offset 3.75 - - -
Kiwibank Special 3.75 2.49 2.49 3.29
Liberty 5.69 - - -
Nelson Building Society 4.95 2.99 3.24 -
Lender Flt 1yr 2yr 3yr
Pepper Essential 4.79 - - -
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 - 2.29 - -
The Co-operative Bank - Owner Occ 4.40 2.49 2.89 3.19
The Co-operative Bank - Standard 4.40 2.99 3.39 3.69
TSB Bank 5.34 3.30 3.69 4.04
TSB Special 4.54 2.50 2.89 3.24
Wairarapa Building Society 4.99 3.55 3.49 -
Lender Flt 1yr 2yr 3yr
Westpac 4.59 3.15 3.49 3.89
Westpac - Offset 4.59 - - -
Westpac Special - 2.55 2.89 3.29
Median 4.54 2.68 2.99 3.29

Last updated: 19 July 2021 9:09am

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