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.”

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