Growth funds lead
Improved market conditions over the second half of 2012 have given KiwiSaver growth funds a boost, according to the latest Mercer survey.
Thursday, February 7th 2013, 3:36PM
In the last quarter of 2012, growth funds – with a focus on shares and property - recorded a median return of 4%. Default funds returned just 1.6%, conservative funds 2.1% and balanced funds 3.2%.
Milford Active Growth had the best result of the quarter, at 5.7%.
Mercer New Zealand head of investments Philip Houghton-Brown said: “KiwiSaver growth funds have fared best over the last quarter and entire 12-month period. However, it’s important to note growth funds are behind the other three multi-sector options when compared over the five years since KiwiSaver’s inception.”
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