Strong finish to 2010 for KiwiSaver funds, says Mercer

KiwiSaver funds finished 2010 strongly, investment services and consulting firm Mercer says.

A Mercer survey showed KiwiSaver growth funds - which have the greatest allocation to shares and property - performed best with a median return of 3.7% for the three months to the end of December.

More conservative default funds posted a median return of 0.8% for the quarter.

For the whole of 2010, growth funds and balanced funds did best with median returns of 7.1%, while conservative funds had 6.1% and default funds 5.9% for the year.

The returns in the survey were before tax and after management fees.

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