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.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report
July 1st Morning Report