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

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news