Morningstar Releases KiwiSaver Performance Survey

Morningstar Releases KiwiSaver Performance Survey

Morningstar today released its KiwiSaver Performance Survey to 31 March 2011, designed to help New Zealand investors assess the performance of KiwiSaver superannuation options.

"Many markets were broadly positive over the March quarter, despite a challenging three months which included natural disasters, geopolitical tensions, and continuing questions about the state of the European and North American economies," said Morningstar Co-Head of Fund Research Chris Douglas. "This is a great reminder about how difficult it can be to forecast market performance over the very short term."

Morningstar's KiwiSaver database is free for all fund managers to join, and reports are made freely available to investors and financial services professionals alike.

Other Key Findings The strong returns from sharemarkets resulted in KiwiSaver funds with higher exposures to growth assets (shares and property) outperforming those with more invested in income assets (cash and fixed income) over the March quarter. Of the single-sector options, global share funds led the charge over the March quarter and were among the best-performing KiwiSaver vehicles. While funds in each category can have a similar look and feel, the divergence within each sector can be substantial and can go a long way to explaining performance differentials between funds. The combined Fisher Funds/Huljich KiwiSaver business almost doubles the size of Fisher's KiwiSaver assets. Morningstar will produce after-tax returns for all KiwiSaver funds on our database in the near future.

ends

© Scoop Media