MJW KiwiSaver survey reveals balanced and growth fund overlaps
With KiwiSaver now at $62 billion FUM, the superannuation scheme has enough data behind it for the numbers to tell an interesting story when analysed.
A recent MJW Investments survey has reflected on the past ten years of the scheme, analysing the performance of various scheme providers and the differing levels of returns across balanced, growth and conservative funds.
The report says, “As we would expect, fund category (or equivalently, allocation to growth assets) is the most obvious determinant of return. Over the long term, investors can generally expect growth assets to provide a boost to return and this is indeed the pattern we see here.”
Although this is illustrated by the high collection of growth funds towards the top of the returns graph, possibly the most interesting group of data is the number of funds which highlight an overlap in the returns in balanced and growth funds.
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