Huljich Wealth Management has finalised another distribution deal to sell its KwiSaver funds to the public. It has formed a strategic sales alliance with financial services company, DorchesterLife to sell its funds. Huljich already sells its funds through distribution deals with NZF Money and Mike Pero Mortgages. Currently Huljich has around 45,000 KiwiSaver members and […]
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Recession no deterrent to KiwiSaver
The deepest recession in more than 30 years has failed to dent New Zealanders’ appetite for KiwiSaver, according to the latest update by the tax department. Over the past six months, some 190,000 New Zealanders have signed up to the government-sponsored retirement scheme, taking total enrolments to more than 1.1 million. The trend has mirrored […]
KiwiSaver growth funds bounce back into positive territory
After a difficult 18 months KiwiSaver growth funds were the stand out performers in the quarter to June 30, 2009 producing a median return of 7.9% according to Mercer’s KiwiSaver Survey. The best performing growth fund over the quarter was the Mercer High Growth Fund (+12.2%), while the Fidelity Life Growth Fund was the best […]
Geared KiwiSaver fund offers bigger returns – and risks
Grosvenor has launched a new leveraged fund to complement its current range of four multi-sector portfolios. The Geared Growth Fund, which may be leveraged up to 50% of the net asset value of the fund, is aimed at those long term savers who are comfortable with using leverage to maximise investment returns, Grosvenor chief investment […]