ASB gets aggressive

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.