The latest Morningstar KiwiSaver Survey is out, and as always, it's a fascinating glimpse into New Zealand's KiwiSaver fund performance. Below are the top-performing funds in the conservative, balanced, growth, and aggressive categories over 1, 3, and 10-year periods.
Conservative
- 1 year: Fisher Funds, 9.6%
- 3 year: Milford, 3.8%
- 10 year: Milford, 5.8%
Balanced
- 1 year: QuayStreet, 16%
- 3 year: QuayStreet, 6.7%
- 10 year: Milford, 8.8%
Growth
- 1 year: Generate, 20.3%
- 3 year: QuayStreet, 9.6%
- 10 year: Milford, 10.4
Aggressive
- 1 year: Generate 25.4%
- 3 year: Milford, 8.6%
- 10 year: Generate 10.5%
QuayStreet continues to perform well across various time periods in the conservative and balanced categories. Milford has maintained consistently high performance in the balanced and growth categories over the long term. Generate is delivering strong numbers across multiple periods. In summary, quality non-bank providers continue to outperform all bank KiwiSaver providers.
Even if KiwiSaver is not considered an essential part of your retirement plan, it's important to be aligned with the right provider and select a fund with an appropriate allocation of growth assets. If you're 50 or younger, playing it too conservatively now will have a significant negative impact on your retirement balance.
If you feel you could be doing more with your KiwiSaver and would like a detailed recommendation at no cost, send us a few details via a Finsol KiwiSaver profiler form, and we'll respond to you with some personalised advice in no more than a few days. This will include your recommended provider and fund, as well as retirement projection, and key information to help ensure you're investing with confidence.
This article is for informational purposes only and should not be considered as financial advice. It is always recommended to consult with a qualified financial professional before making any financial decisions based on your individual circumstances and as with any investment, past performance is no guarantee of future results.
