tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, November 1st, 10:39AM

Investments

rss
Latest Headlines

Equities boost KiwiSaver returns in March quarter

Increasing optimism about the world economy led to a lift in global sharemarkets in the March quarter and boosted some local KiwiSaver funds, Morningstar says in its latest update.

Monday, May 1st 2017, 8:21PM

Its survey for the first quarter of this year shows that KiwiSaver schemes with a bias to shares out-performed, while those with strong cash and fixed interest holdings performed comparatively poorly.

The average multisector category returns ranged from 5% for aggressive funds to 1.8% for conservative options.

Morningstar noted that the local sharemarket was up 4.6% in total returns over the quarter, which buoyed funds with a New Zealand equity exposure.

In Australia, the S&P/ASX200 was up 4.8% over the same period.

"Increased optimism about the wider outlook for the world economy, partly US-related and partly based on evidence of stronger performance in China and elsewhere - led to strong rises in world equity prices up to March," Morningstar said.

"The MSCI World index was up 6.1% in NZD. The US did well, with a likely economic boost from the Trump administration fiscal policy, the S&P 500 index was up 5.9%. European shares also rose on evidence of a firming eurozone economy."

KiwiSaver schemes in the aggressive and growth categories were the top performers, posting mid-single digit returns for the quarter.

KiwiSaver schemes in the conservative, moderate and balanced categories posted returns in the low-single digits.

Over the March quarter Booster KiwiSaver Geared Growth, OneAnswer KiwiSaver-Growth, Aon KiwiSaver Russell Lifepoints Balanced, Aon KiwiSaver Russell Lifepoints Moderate, and Milford KiwiSaver Conservative were the top performers across their respective categories.

Morningstar said Aon Russell Lifepoints was a notable performer over a longer term.

"Other KiwiSaver Schemes that deserve a mention include, ANZ KiwiSaver and OneAnswer KiwiSaver, ASB KiwiSaver, and Milford KiwiSaver Balanced. The best performing KiwiSaver Schemes since inception is Milford KiwiSaver Active Growth."

Morningstar noted that the six biggest KiwiSaver funds continue to hold the vast majority of all KiwiSaver money  – now a 84.9% of the Morningstar database.

Tags: KiwiSaver

« More than half of Kiwis saving for retirementANZ, FMA work on changing behaviour »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

News and information about KiwiSaver

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 5.44 - - -
AIA - Go Home Loans 7.99 5.99 5.69 5.69
ANZ 7.89 6.59 6.29 6.29
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 5.99 5.69 5.69
ASB Bank 7.89 5.99 5.69 5.69
ASB Better Homes Top Up - - - 1.00
Avanti Finance 8.40 - - -
Basecorp Finance 9.60 - - -
BNZ - Classic - 5.99 5.69 5.69
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.94 - - -
BNZ - Rapid Repay 7.94 - - -
BNZ - Std 7.94 5.99 5.69 5.69
BNZ - TotalMoney 7.94 - - -
CFML 321 Loans 6.20 - - -
CFML Home Loans 6.45 - - -
CFML Prime Loans 8.25 - - -
CFML Standard Loans 9.20 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.79 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 7.65 5.99 5.75 5.69
Co-operative Bank - Standard 7.65 6.49 6.25 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 6.40 6.10 -
First Credit Union Standard 8.50 7.00 6.70 -
Heartland Bank - Online 7.49 ▼5.65 ▼5.55 ▼5.55
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.00 6.50 -
ICBC 7.49 5.99 5.65 5.59
Kainga Ora 8.39 7.05 6.59 6.49
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 7.75 6.89 6.59 6.49
Kiwibank - Offset 8.25 - - -
Kiwibank Special 7.75 5.99 5.69 5.69
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 8.44 ▼6.39 ▼6.09 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank 7.99 6.95 6.29 6.29
SBS Bank Special - ▼6.15 5.69 5.69
SBS Construction lending for FHB - - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 5.44 ▼5.15 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.75 - - -
TSB Bank 8.69 6.79 6.49 6.49
TSB Special 7.89 5.99 5.69 5.69
Unity ▼7.64 5.99 5.69 -
Unity First Home Buyer special - 5.49 - -
Wairarapa Building Society 8.50 ▼6.19 ▼5.79 -
Westpac 8.39 6.89 6.39 6.39
Westpac Choices Everyday 8.49 - - -
Westpac Offset 8.39 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 6.29 5.79 5.79
Median 7.99 6.17 5.79 5.69

Last updated: 30 October 2024 9:36am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com