KiwiSaver returns plateau after four quarters of gains
The median return for the most conservative Default Funds was 2% in the three months ended March 31, according to Mercer's KiwiSaver survey.
The median for conservative funds was 2.1%, balanced funds chalked up 2.9% and growth funds managed 3.3%.
"While KiwiSaver funds have posted positive returns over the last four quarters, performance has reached a plateau and we're not seeing the same level of growth achieved over the last six months," said Mark Lewington, head of Mercer New Zealand.
While growth in global markets and better-than-expected corporate earnings have underpinned returns, "growing concerns over possible sovereign debt defaults in the euro zone could threaten the run of positive returns," he said.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
