KiwiSaver NZ investment mix varies widely

Last updated 16:29 30/07/2013

Relevant offers


British American Tobacco offers to buy Reynolds in US$47 billion deal Single people facing struggle to service mortgages Take action to avoid KiwiSaver disappointment at 65 Trade Me Property data shows no rise in rents for third consecutive month Papakura Configure Express members claim refund demands going unanswered The psychology behind why that smashed avocado costs $22 When price doesn't matter: How we're tricked into needlessly spending hundreds of dollars Boom time for property owners on outskirts of Auckland Peter Townsend: International visitors - Can we cope? Is it a good idea to break your fixed-term loan to take a better deal?

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


Special offers

Featured Promotions

Sponsored Content