ASB gets aggressive

ASB rolls out two aggressive funds, apparently in response to investor demand.

Sunday, November 26th 2023, 8:08AM

It says the two new funds that "aim to provide customers with the highest investment returns over the long term of all its funds, with the largest movements in value up and down."

“There is proven demand for more aggressive investment options, with approximately $8.9 billion invested in this category across the whole KiwiSaver market, up more than 25% year on year," Executive General Manager of Personal Banking, Adam Boyd, said.

The ASB KiwiSaver Scheme Aggressive Fund and ASB Investment Funds Aggressive Fund will each invest in around 95% growth assets.

“While we offer a range of different funds that can suit different investment timeframes and goals, our new Aggressive Funds could be suitable for those customers with a long investment timeframe who are comfortable accepting more risk with larger ups and downs in their balance along the way. Over the long term the objective of the funds is to provide the highest returns of any ASB funds.

He says investors can "access our free KiwiSaver advice".

"Our specialists can give ASB KiwiSaver Scheme advice either in branch or via our contact centre using our staff-guided KiwiSaver tool. If you are with ASB, you can access advice through our digital ASB KiwiSaver advice tool on your mobile app or via ASB FastNet Classic, where you can get a fund recommendation within minutes.

"Our team of qualified Wealth Managers also provides tailored investment advice and expertise to help customers understand and achieve their personalised goals.”

Along with these funds ASB has launched its digital KiwiSaver calculator and advice tool which includes an interactive future balance calculator to help customers with their ‘first home buyer’ and ‘saving for retirement’ goals.

ASB has more than half a million customers with around $20 billion invested across its suite of managed funds, including around $15 billion in the ASB KiwiSaver Scheme. In the past year, it says, it provided KiwiSaver advice to 80,000 customers.

Tags: Adam Boyd ASB