Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Morningstar Releases KiwiSaver Performance Survey


Good morning

Morningstar today released its KiwiSaver Performance Survey to 31 December 2012, designed to help New Zealand investors assess the performance of KiwiSaver superannuation options.

"2012 was a banner year for growth assets, and KiwiSaver schemes with strong tilts to shares and listed property did particularly well. While no-one can predict what will happen in 2013, it would be a brave person to assume these double-digit returns will be repeated," said Morningstar Australasia Co-Head of Fund Research Chris Douglas.

"Investors have learnt a lot over the last five years, so it's important to keep in mind what we do know. Volatility in returns looks here to stay, and there continue to be meaningful uncertainties globally. We believe that it's the tried and tested teams and processes which should really excel in this environment."
Morningstar's KiwiSaver database is free for all fund managers to join, and this survey is made freely available to investors and financial services professionals alike.
Other Key Findings
• Growth assets enjoyed a healthy Christmas rally and closed 2012 on a resoundingly strong note. Three of the four quarters of 2012 registered positive returns, only the second quarter a disappointment.
• Shares and listed property all recorded very healthy returns for 2012, mostly in double-digits. New Zealand shares as measured by the NZX50 Index was up 6.06 percent over the three months to 31 December 2012 and posted a very impressive 24.18 percent for the calendar year.
• Aon KiwiSaver Russell was the standout performer across the multi-sector categories over the December quarter. Fisher Funds KiwiSaver also deserves mention for strong showings from the firm's Conservative and Growth options.
• The best-performing KiwiSaver options over the past five years continue to be SIL KiwiSaver (as well as National Bank and ANZ KiwiSaver) in the Conservative, Balanced, and Growth Multi-Sector categories. Fidelity KiwiSaver has also performed strongly in the Balanced and Aggressive Multi-Sector categories. Others worthy of mention include Aon KiwiSaver Russell in the Conservative and Moderate categories, Brook KiwiSaver across Balanced and Growth, and Fisher Funds KiwiSaver Growth.
• Milford KiwiSaver continues to do exceptionally well, and deserves recognition for its performance as the top-performing KiwiSaver options in 2012 across both multi-sector and single sector.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Net Annual Migration Passes 71,000

A record 71,300 more migrants arrived in New Zealand than left in the January 2017 year, Statistics New Zealand said today. This surpassed the previous annual record set in December 2016. More>>

ALSO:

Fossils: Ancient Penguins Lived Alongside Dinosaurs?

Penguins are much older than previously thought and their evolution probably dates back to the days of the dinosaurs, according to research on the fossilised leg bone and toes of a giant ancient penguin found in rocks near Waipara, North Canterbury. More>>

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news