KiwiSaver NZ investment mix varies widely

ELOISE GIBSON
Last updated 16:29 30/07/2013

Relevant offers

Money

Mothers earn less than fathers, Statistics NZ says Financial Markets Authority joins education-by-animation trend It's a bad idea to make your customers angry: Cas Carter Real estate clients 'don't like flashiness', despite Ricky Cave comments Sudden leap in NZ credit scores, but we're no better with money Rob Stock: E-bikes now better, leaner, faster Budget Buster: Eight tips for getting cheap rental cars Social impact bonds will one day be in your KiwiSaver KiwiSaver creator Michael Cullen says it's time KiwiSaver fees fell Nigel Latta: Having self-control is essential to becoming wealthy

A new report reveals which KiwiSaver funds have the most money invested in New Zealand, with the share of local investments ranging from 1 to 100 per cent.

Conservative and cash funds had the most money invested in New Zealand assets because of their heavy cash and fixed interest investments, while share-heavy aggressive funds and property funds had the least.

Of the six big conservative default funds, AMP's two funds had the biggest share of New Zealand investments at 80 per cent of assets - twice the weighting of ANZ-owned Onepath's conservative fund, which has 39 per cent.

Growth funds tended to have about 30 per cent New Zealand-based investments and balanced funds averaged 40 per cent.

Fund research house Morningstar gathered the figures because it thought savers would be interested to know how much different funds had invested in New Zealand.

Its quarterly performance survey shows fixed interest investments have slipped into negative territory after previously being KiwiSaver's star performers.

Funds with more money in shares were much better performers over the last year, as bonds suffered.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content