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

 

Milford Delivers More Return

Milford Delivers Over 45 per cent More Return Than Second Best KiwiSaver Growth Fund

Newly released data from investment research company SuperRatings reveals which KiwiSaver funds are delivering the highest returns to their clients after fees.

Milford’s KiwiSaver Active Growth Fund came out as the best-performing KiwiSaver growth fund in the country on a seven-year basis, delivering a ‘net benefit’ in excess of $30,000 for a typical investor. This is over 45 per cent more return after fees than the second-highest performing fund. In addition, Milford’s KiwiSaver Balanced Fund was the best-performing KiwiSaver balanced fund on a seven-year basis.

Source: SuperRatings press release 2 Nov 2018.

The aim of SuperRatings’ research is to determine which KiwiSaver funds are providing the highest ‘net benefit’ to members. In other words, which funds are delivering the highest returns to their clients after deducting fund fees and tax.

Regarding the results Milford CEO Troy Swann said, “We exist to grow and protect our clients’ hard-earned savings. So, we’re very pleased our KiwiSaver investors are achieving such strong results.”

Troy Swann added “With so much focus in the media on minimising fees, it’s refreshing to see an expert research company focus on what truly matters to KiwiSaver investors, and that’s the return they’re earning after fees.”

The other key insight from SuperRatings’ research is the importance of choosing the right type of fund.

Troy Swann noted “Too many KiwiSaver investors are still in the same conservative fund they were defaulted into upon joining KiwiSaver. These funds are lower-risk and lower-return. If you have a long time until retirement, for example 10+ years it’s worth considering switching to a higher-risk, higher-returning growth fund because the difference in your savings at retirement could be very significant.”

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>

ALSO:

Economy: Supply Chain On Brink Of Overload Says National Road Carriers

The New Zealand supply chain is on the brink of overload and it looks like the upcoming peak imports season may push it over the edge says National Road Carriers Association (NRC) CEO David Aitken. “Worldwide supply chains are in disarray,” says Mr Aitken. ... More>>

Retail: Supermarkets Announced As Government’s Second Market Study

The Government has today launched a market study to ensure New Zealanders are paying a fair price for groceries. More>>

ALSO:

Statistics New Zealand: Retail Sales Recover In The September 2020 Quarter

Retail sales values recorded the largest September quarter rise since the series began in 1995, Stats NZ said today. Spending on major household items, vehicles, and groceries contributed to the strong 7.4 percent ($1.8 billion) rise in total ... More>>

Kea Aerospace: New Zealand Flies Into The Stratosphere

Development has started on a solar-powered, unmanned aircraft that can fly in the stratosphere continuously for months at a time. The zero-emission aircraft will carry a suite of imagery equipment that will be game-changing for many industries, vastly ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>

ALSO:


Forest & Bird: Kākāpō Wins Bird Of The Year 2020

The nation has voted and Aotearoa New Zealand has a new Bird of the Year. New Zealand’s moss-colored flightless parrot has climbed to the top-spot for the second time in Forest & Bird’s annual Te Manu Rongonui o Te Tau/Bird of the Year competition. ... More>>