Tuesday 8th February 2011 |
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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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