Morningstar Releases KiwiSaver Performance Survey

Morningstar Releases KiwiSaver Performance Survey

Morningstar today released its KiwiSaver Performance Survey to 30 September 2011, designed to help New Zealand investors assess the performance of KiwiSaver superannuation options.

"Market volatility in the third quarter of 2011 resulted in negative returns for KiwiSaver funds invested most in growth assets like shares and property," said Morningstar Co-Head of Fund Research Chris Douglas. "But it's important to remember that investors with a long-term time horizon are still in their early stage of their retirement savings, and that this can in fact present a great buying opportunity for those KiwiSavers."

Morningstar's KiwiSaver database is free for all fund managers to join, and reports are made freely available to investors and financial services professionals alike.

Other Key Findings

• The September 2011 quarter marked the fourth anniversary of the point at which operators of KiwiSaver schemes began receiving contributions.
• The Brook Professional KiwiSaver, OnePath, SIL, and Fidelity KiwiSaver funds deserve mention for consistency of returns across the various multi-sector categories in the first four years of the KiwiSaver scheme's operation.
• Milford Aggressive was the best-performing single-sector fund over the past four years, and the best-performing KiwiSaver fund overall.
• Morningstar has begun producing after-tax returns for the majority of KiwiSaver funds on our database. Although it's still early days, it appears that in most cases the top-performing funds on a pre-tax basis are also the best performers after tax as well.

ENDS

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