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Growth funds shine again: Morningstar

Growth KiwiSaver funds performed strongly again in the June quarter, Morningstar's latest research shows.

Wednesday, August 2nd 2017, 8:03PM

The research house has released its latest KiwiSaver survey.

“We continue to have an equity-friendly market environment with local and global equity markets posting solid returns this quarter. Fixed income assets also had reasonable performance,” Morningstar director of manager research ratings, Asia Pacific, Chris Douglas said.

“As a result, KiwiSaver funds with a bias to growth assets, posted the strongest returns, but there was a closer dispersion of returns across the risk profiles than previous quarters.”

The local share market performed slightly better in the second quarter of the year than in the first, he said. The S&P/NZ 50 Index was up 5.8% in total returns over the quarter and 10.6% over the year.

Global equities were the best-performing asset class.

Morningstar said top performing funds in the quarter compared to their peer group included Milford KiwiSaver Conservative Fund 1.73% (Multisector Conservative), AMP KiwiSaver Nikko AM Conservative 2.14% (Multisector Moderate), Westpac KiwiSaver-Balanced Fund 2.59% (Multisector Balanced), Westpac KiwiSaver-Growth Fund 3.06% (Multisector Growth), and Generate KiwiSaver Focused Growth Fund 3.72% (Multisector Aggressive).

Over five years, Milford's Active Growth fund was the best performer.

KiwiSaver assets on the Morningstar database hit $40.5 billion at June 30. ANZ continues to have the biggest market share.

Tags: Morningstar

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Lender Flt 1yr 2yr 3yr
AIA 4.55 3.19 3.19 3.49
AIA Special - 2.69 2.69 2.99
ANZ 4.44 3.15 3.25 ▼3.39
ANZ Special - ▼2.55 ▼2.69 ▼2.79
ASB Bank 4.45 3.19 3.19 3.49
ASB Bank Special - 2.69 2.69 2.99
Bluestone ▼3.49 ▼3.49 ▼3.49 ▼3.49
BNZ - Classic - ▼2.55 2.69 2.99
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.25 3.29 3.59
Lender Flt 1yr 2yr 3yr
BNZ - TotalMoney 4.55 - - -
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union South 5.65 4.75 4.75 -
First Credit Union Special 5.85 3.35 3.85 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 4.35 4.45 -
HSBC Premier 4.49 2.60 2.65 2.80
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 3.99 2.58 2.68 2.79
Kainga Ora 4.43 3.29 3.39 3.85
Kiwibank 3.40 3.40 3.54 4.00
Kiwibank - Capped - - - -
Kiwibank - Offset - - - -
Kiwibank Special 3.40 2.65 2.79 3.25
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
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SBS Bank Special - 2.79 2.69 2.99
The Co-operative Bank - Owner Occ 4.40 ▼2.69 ▼2.75 ▼2.99
The Co-operative Bank - Standard 4.40 ▼3.19 ▼3.25 ▼3.49
TSB Bank 5.34 ▼3.35 3.49 3.79
TSB Special 4.54 ▼2.55 2.69 2.99
Wairarapa Building Society 4.99 3.75 3.99 -
Westpac 4.59 4.15 4.09 4.49
Westpac - Offset 4.59 - - -
Westpac Special - ▼2.55 2.69 2.79
Median 4.55 3.19 3.22 3.39

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