From today, members of the BNZ KiwiSaver Scheme and investors in YouWealth have the option of investing into High Growth
Fund options.
The two High Growth Funds invest 100% in growth assets, providing the potential for higher returns for those who are
more long-term minded and understand that it means holding investments through the market cycle which can have its ups
and downs.
BNZ’s General Manager of Wealth Peter Forster says the funds provide those with a long investment timeframe with the
opportunity to take a more aggressive approach.
“We’re excited to give our customers the choice of a fund that will suit people who are prepared to weather the
inevitable market turbulence through their investment journey,” he says.
BNZ has chosen to charge the same low 0.45% per annum fee for the two High Growth Funds as it does across the majority
of its BNZ KiwiSaver Scheme and YouWealth funds (the exceptions being the BNZ KiwiSaver Scheme Cash (0.30% p.a. and
Default (0.35% p.a. funds).
“A management fee of just 0.45% for funds that invest 100% in equities represents real value in a market where investors
are frequently charged in excess of 1% for more aggressive funds,” says Mr Forster.
BNZ is also launching an updated version of its KiwiSaver Navigator tool today that will recommend the High Growth Fund
when appropriate.
The tool will provide users with a detailed breakdown of steps they need to take to get back on track if they are not
currently predicted to reach their savings targets. These steps could include increasing contribution rate, changing
fund choice or delaying retirement or first home purchase.
BNZ customers can request a KiwiSaver Navigator session by visiting a BNZ branch or over the phone.