Responsible managers claim a win
Mindful Money chief executive and founder Barry Coates said funds that his platform classed as “mindful” outperformed in all risk categories in the first quarter of this year.
On average, KiwiSaver funds fell 2.1% in the quarter but mindful funds fell 1.8%. On average, balanced funds were down 8.9% but mindful options dropped 6.9%. Growth funds were down 12.4% on average but only 7.8% if they were mindful.
CareSaver outperformed the average by 4.9% across all three main risk categories.
Booster outperformed the balanced fund average by 2.9% and the growth fund average by 2.7%.
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