Morningstar to look under the hood of KiwiSaver funds
The company announced yesterday that it plans to research around a dozen KiwiSaver funds using its superannuation methodology - the Morningstar Medalist Ratings.
Its research methodology has three pillars: People, Process and Parent.
The Parent pillar– which assesses stewardship – will have a 25% weight on a KiwiSaver multi-sector strategy compared to 10% applied on a single sector strategy.
“Where applicable, we will also assess the leadership teams associated with the KiwiSaver schemes, particularly when they operate independently of the investment function,” Morningstar Director of Manager Research Ratings Matt Olsen said
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