Strong end to 2010 for KiwiSaver
KiwiSaver funds ended 2010 strongly with positive returns across all sectors for the December quarter - and the year - according to the latest Mercer KiwiSaver Survey.
Tuesday, February 8th 2011, 4:29PM
KiwiSaver growth funds - which have the greatest exposure to shares and property - performed best with a median return of 3.7% for the quarter ended December 31. The best performing fund for the quarter was the AMP Aggressive Growth Fund, with a 6.3% return.
By comparison, the more conservative default fund, had a median return of 0.9%.
Positive returns across the board were enjoyed by all KiwiSavers over last year.
For the whole of 2010, growth funds and balanced funds performed best with median returns of 7.1%, while conservative funds had 6.1% and default funds 5.9%.
At the start of 2010, an investment of $100 in the median default fund would be nearly $106, Conservative fund $106, Balanced and Growth funds $107, excluding the impact of any employer or government contributions.
Among the top performing Growth funds the Fisher Funds Growth Fund was the best performer, up 12.1% in the 12 months to December 2010.
Over the year the best performing fund in the Default sector was the Mercer Conservative (6.2%), the best performing Conservative fund was the Aon Russell Lifepoints 2015 (10%) and the best performing Balanced fund was the Aon Russell Balanced (10.4%).
However, since the scheme’s launch in 2007 funds with the highest allocation to bonds and cash remain the best performers, reflecting volatile sharemarket performance over that period.
| « KiwiSaver overtakes managed funds and shares | Morningstar KiwiSaver Performance Survey » |
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