KiwiSaver market share leader ANZ at bottom of performance table
The latest Morningstar KiwiSaver report shows the largest provider, ANZ with $22 billion under management, continues to be outperformed by most other providers in the core diversified fund categories.
The report ranks ANZ multi-sector funds’ performance last or second to last place in conservative, balanced and growth categories for both the December quarter as well as the 2024 year, although returns were all in positive territory. Over longer time periods, ANZ does perform better compared to peers in the moderate fund category, ranking middle of the pack for the 10-year period.
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