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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Postnatal Depression: 'The Thief That Steals Motherhood' - Alison McCulloch

Post-natal depression is a sly and cruel illness, described by one expert as ‘the thief that steals motherhood’, it creeps up on its victims, hiding behind the stress and exhaustion of being a new parent, catching many women unaware and unprepared. More>>


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news