KiwiSaver funds suffer under market volatility
It has released its latest KiwiSaver survey, showing sharemarket volatility hurt fund managers.
Returns for the calendar year ranged from 3.60% down to a loss of 6.77%. The conservative category recorded an average return of 1.3% for the year, followed by moderate funds at 0.4%, balanced with an average loss of 1.3%, growth an average loss of 2.1% and aggressive an average loss of 4.1%.
The top performers over the quarter included FANZ Lifestages KiwiSaver Income, Fisher Two KiwiSaver Scheme and Aon KiwiSaver Russell Lifepoints.
Milford KiwiSaver Active Growth Fund topped the performance across all multisector categories over 10 years.
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