Strong finish for KiwiSaver funds

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 percent for the three months to the end of December.

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

For the whole of 2010, growth funds and balanced funds did best with median returns of 7.1 percent, while conservative funds had 6.1 percent and default funds 5.9 percent 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:

August 18th Morning Report
2025 Annual Shareholders' Meeting and Director Nominations
Meridian Energy monthly operating report for July 2025
August 15th Morning Report
VGL upgrades aspirations, accelerates to meet client demand
August 14th Morning Report
VHP - Focus on Fundamentals: Driving Operational Performance
August 13th Morning Report
Devon Funds Morning Note - 12 August 2025
Spark announces sale of 75% of data centre business