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Which KiwiSaver funds can match your personal goal?
KiwiSaver members ended the June quarter a combined $10 billion richer, thanks to their contributions and market returns. Morningstar's latest KiwiSaver survey showed returns ranged from an average 3.3 percent in the quarter for conservative fund to 11.9 percent for the aggressive category. Morningstar said international equities had delivered solid positive returns in New Zealand dollar terms.
KiwiSaver investors should know how quickly market sentiment could shift once uncertainty begins to recede. Diversified portfolios that experienced heightened volatility in the March quarter generally participated well in the recovery as risk assets rallied and energy markets normalised.
The market showed that offshore events could trigger sharp market moves and their long-term impact was determined by whether they materially altered economic growth or the profitability of listed companies.
some of the funds managers were performing well in the quarter. Koura's clean energy fund delivered a 31.8% return. This was boosted by AI and high oil prices. Over the year, Kernel's global clean energy fund was the standout, up 98.4 percent due to a surge in energy demand. However, its founder said near-100 percent returns were not normal and should not be expected.
ASB, MAS, Fisher Funds, Generate, and more were all top-performers. Are you with one of the top-performers?
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Patrick Wang
