ANZ's growth and balanced KiwiSaver returns take first place
The latest Mercer Jessup Weaver survey also shows Milford’s $455 million conservative fund in the unaccustomed position of being worst performer out of 19 conservative funds for the year ended March after being placed 17th out of 19 for the March quarter with a negative 1.9% return.
MJW noted returns were negative across all investment categories in the March quarter.
It pointed to the MSCI World Index’s 3.2% loss for the quarter: “While this quarter’s result was not disastrous, it is the worst single quarter return for this index since late 2022, must exceeding the slightly smaller losses felt in the March 2025 and September 2023 quarters.”
Nevertheless, MJW says the impact has been milder in the latest quarter than the impact of other recent crises, including the start of Russia’s invasion of Ukraine in 2022 and the covid pandemic in 2020.
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