Passive approach pays off for Simplicity's KiwiSaver investors
Taking a passive approach to investment paid off for those in Simplicity's growth and blanced KiwiSaver funds in the June quarter and for those in its newer default fund created after it was chosen two years ago to be one of the six default managers.
But active manager Milford Asset Management continues to produce superior returns over the longer term.
Simplicity's KiwiSaver growth fund was the best performer of 15 growth funds in the June quarter with a 1.6% return and it ranked second over a one-year and three-year timeframe with annual returns of 13.3% and 4.6% respectively, according to the latest MJW survey.
But Milford's...MORE»
KiwiSaver highly competitive with much larger Aussie and British peersTuesday, July 16th, 8:00AM
KiwiSaver fees are “highly competitive” with the fees charged by much larger Australian and British peers, according to analysis by Deloitte Consulting Australia commissioned by Generate KiwiSaver. MORE» |
Select committee against bill to limit use of KiwiSaver as part of pay packageTuesday, July 2nd, 6:12AM
The majority of the Finance and Expenditure Committee doesn’t think a bill to make it harder for employers to include KiwiSaver contributions in employees' pay should be passed. MORE» |
KiwiSaver reform next steps - bail up a politician
The Retirement Commissioner has made her recommendations for improving KiwiSaver and wants help from members of the financial services industry to get politicians to actually read it.
MORE»KiwiSaver not hot on Kiwi markets
KiwiSaver funds under management increased 7.2% for the first quarter of the year (from $107.5 billion to $115.2 billion) to deliver 18.6% over the previous 12 months, but the value of NZ assets fell for the quarter.
MORE»No shift on KiwiSaver balance gender gap
New KiwiSaver analysis for 2023 shows the 25% gap between men and women’s balances did not improve over the year.
MORE»National Capital: Women should back themselves on investment
Women can narrow the $61 billion KiwiSaver retirement gap through playing to their investment strengths, says financial advice firm National Capital.
MORE»Aurora KiwiSaver targets private assets that support business growth
Aurora Capital, which has allocated 3% to private corporate debt for its KiwiSaver conservative and growth funds, is also interested in investing in startup companies.
MORE»