More new high growth funds launched
In a bit of a trend BNZ has followed ASB and launched some new high growth funds.
Tuesday, December 5th 2023, 12:57PM
BNZ has added high growth funds for to its KiwiSaver Scheme and YouWealth.
The two high growth Funds invest 100% in growth assets, providing the potential for higher returns for those who are more long-term minded and understand that it means holding investments through the market cycle which can have its ups and downs.
BNZ general manager of Wealth Peter Forster says the funds provide those with a long investment timeframe with the opportunity to take a more aggressive approach.
“We’re excited to give our customers the choice of a fund that will suit people who are prepared to weather the inevitable market turbulence through their investment journey,” he says.
The funds have a 0.45% annual fee as do the majority of its KiwiSaver Scheme and YouWealth funds (the exceptions being the BNZ KiwiSaver Scheme Cash (0.30% and default (0.35%).
“A management fee of just 0.45% for funds that invest 100% in equities represents real value in a market where investors are frequently charged in excess of 1% for more aggressive funds,” Forster says.
BNZ is also launching an updated version of its KiwiSaver Navigator tool that will recommend the high growth fund when appropriate.
| « Auckland FAP has its licence cancelled | FSC cancels major conference » |
Special Offers
Comments from our readers
No comments yet
Sign In to add your comment
|
|
Printable version |
|
Email to a friend |
