KiwiSaver Survey | September Quarter 2013
Many KiwiSaver options benefited from the New Zealand share market's strong run during the September quarter, as growth assets again largely outshone their income counterparts.
Published 22 October 2013
Morningstar has released its quarterly KiwiSaver Performance Survey, designed to help New Zealand investors assess the performance of their KiwiSaver superannuation options. The accompanying tables show KiwiSaver fund returns for the one, three, and five years to 30 September 2013.
There have been no additions to our database over the quarter, however there has been some change. In early July, Grosvenor acquired Fidelity Life’s KiwiSaver business. The two schemes continue to be run separately, although it’s expected Fidelity’s KiwiSaver Scheme will merge with Grosvenor sometime in the future. AMP’s merger with AXA was completed over the quarter and all assets have been transferred over to the applicable AMP offer. Finally, SIL KiwiSaver has been renamed OneAnswer. Investors here should note this is a name change only.
