Milford's KiwiSaver shines while ANZ enjoys a rare March qtr

Milford Asset Management’s KiwiSaver funds enjoyed a better performance than all other KiwiSaver funds in the March quarter but returns were generally poor, the latest Melville Jessup Weaver survey shows.

ANZ enjoyed a rare quarter with its growth and balanced KiwiSaver funds second-best performers for the quarter after spending long periods languishing at or near the bottom of the performance tables.

Milford’s $6.53 billion growth fund was the best performer in that category but still produced a negative 0.2% return for the quarter while the median return for all 15 growth funds was negative 2.8%.

Milford’s growth fund was sixth best performer over one year but best over three, five and 10 years.