Tuesday 8th February 2011 |
Text too small? |
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.
No comments yet
SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained