Passive approach pays off for Simplicity's KiwiSaver investors
But active manager Milford Asset Management continues to produce superior returns over the longer term.
Simplicity's KiwiSaver growth fund was the best performer of 15 growth funds in the June quarter with a 1.6% return and it ranked second over a one-year and three-year timeframe with annual returns of 13.3% and 4.6% respectively, according to the latest MJW survey.
But Milford's KiwiSaver active growth fund was the best performer over three, five and 10 year periods with annualised returns of 5.7%, 9.3% and 10.5% respectively.
In the June quarter, the Milford active growth fund ranked 13th with a negative 0.7% return and it was eighth for the year with an 11.7% return.
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