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, August 17th, 6:01PM

News

rss
Latest Headlines

KiwiSaver managers shake off downturn

Growth investment strategies have helped fund managers to outperform over the past quarter, Morningstar says.

Thursday, July 30th 2020, 2:35PM

Growth investment strategies have helped fund managers to outperform over the past quarter, Morningstar says.

The research house has released its latest KiwiSaver survey, which shows that funds’ performance in the June quarter generally reflected the improved underlying market conditions.

But funds with a large exposure to US growth stocks or overweight to a2 Milk and Fisher & Paykel Healthcare in their NZ equity exposure are likely to have performed particularly well.

Morningstar director of manager research Tim Murphy said the growth style of investing in equities had materially outperformed the value style.

That was driven by tech stocks and certain pockets of healthcare, he said.

“Locally New Zealand is one of the best performing markets in the world. A couple of bigger stocks are playing a big part as part of the themes driving that.”

Managers who were overweight to Fisher & Paykel Healthcare and a2 Milk tended to do better, he said.

“The better performing managers in the quarter tended to have more exposure to growth.”

Top performers over the quarter against their peer group included Kiwi Wealth KiwiSaver Scheme Conservative 7.0% (Multisector Conservative), Aon KiwiSaver Russell LifePoints Moderate 8.3% (Multisector Moderate), SuperLife KiwiSaver Growth 11.6% (Multisector Balanced), AMP KiwiSaver Nikko AM Growth 14.8% (Multisector Growth) and Booster KiwiSaver Geared Growth 19.9% (Multisector Aggressive).

Over 10 years, the growth category average had given investors an annualised return of 9.6%, followed by aggressive (9.0%), balanced (8.1%), moderate (6.5%) and conservative (6.0%).

KiwiSaver assets on the Morningstar database had recovered from their March lows and sit at NZ$66.5 billion as at June 30, 2020 up from NZ$63.1 billion at December 31, 2019. ANZ leads the market share with more than NZ$15.5 billion. ASB is in second position, with a market share of 18.2%.

Murphy said there was increasing competition in the KiwiSaver space which should provide better outcomes for investors over the long term.

Tags: investment KiwiSaver Morningstar

« Advisers warned to watch for vulnerabilityMann on a mission to diversify financial advice »

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

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 6.35 5.25 5.45 5.99
ANZ 6.34 5.59 6.05 6.29
ANZ Blueprint to Build - - - -
ANZ Special - 4.99 5.45 5.69
ASB Bank 6.35 ▼4.99 5.45 5.69
Avanti Finance 6.65 - - -
Basecorp Finance 7.25 - - -
Bluestone 6.89 - - -
BNZ - Classic - 4.95 5.39 5.69
BNZ - Mortgage One 6.39 - - -
BNZ - Rapid Repay 6.39 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Std, FlyBuys 6.39 5.55 5.99 6.29
BNZ - TotalMoney 6.39 - - -
CFML Loans 7.25 - - -
China Construction Bank - 5.35 5.80 5.99
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 4.89 - -
Co-operative Bank - Owner Occ 6.25 4.99 5.39 ▼5.69
Co-operative Bank - Standard 6.25 5.49 5.89 ▼6.19
Credit Union Auckland 5.95 - - -
First Credit Union Special 5.85 5.35 5.85 -
Heartland Bank - Online 4.60 ▼4.79 ▼5.15 ▼5.14
Lender Flt 1yr 2yr 3yr
Heretaunga Building Society 6.50 ▼5.50 6.00 -
HSBC Premier 6.34 5.09 5.34 5.59
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 6.00 4.79 5.15 5.69
Kainga Ora 5.85 5.31 5.58 5.97
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 6.00 5.95 6.45 ▼6.59
Kiwibank - Offset 6.00 - - -
Kiwibank Special - 4.95 5.45 ▼5.69
Liberty ▲5.34 - - -
Lender Flt 1yr 2yr 3yr
Nelson Building Society 6.95 5.55 6.15 -
Pepper Money 5.29 - - -
Resimac 5.59 6.54 6.44 6.98
SBS Bank 6.29 5.39 5.79 5.99
SBS Bank Special - 4.89 5.29 5.49
Select Home Loans 6.89 - - -
TSB Bank 7.05 5.65 6.09 6.39
TSB Special 6.25 4.85 5.29 5.59
Unity 5.65 4.95 5.55 -
Wairarapa Building Society 6.49 5.55 6.15 -
Westforce credit union - Special - 5.35 5.85 -
Lender Flt 1yr 2yr 3yr
Westforce credit union - Standard 5.85 6.05 6.55 -
Westpac 6.39 5.55 6.05 6.29
Westpac - Offset 6.39 - - -
Westpac Special - 4.95 5.45 5.69
Median 6.34 5.33 5.79 5.83

Last updated: 17 August 2022 9:01am

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