Growth in retail funds under management was concentrated in KiwiSaver funds in the first quarter of this year, FundSource research shows. Its Retail Managed Funds Industry Trends and Market Composition report for the March 2015 quarter shows KiwiSaver inflows of $987 million. That was up from $949 million in the December quarter of 2014. Total […]
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KiwiSavers reminded not to miss out
ANZ is running a campaign to remind KiwiSaver members to contribute enough to get their $521 free from the Government. The campaign will run for two months. The Government provides $521 as a member tax credit each year to KiwiSaver members who contribute at least $1042 to their accounts in the year ended June 30. […]
KiwiSaver funds misclassifying risk: Research
Some KiwiSaver providers are incorrectly indicating the risk category of their funds, new research shows. The research by Randall Clement, with Henk Berkman and Annie Zhang, recently won an FMA research prize. It is due to be published in the journal New Zealand Economic Papers. Sorted, FMA and Morningstar all rank funds according to their […]
Small Kiwi market a problem for KiwiSaver
Capacity constraints are a looming issue for the KiwiSaver market to contend with as it grows, research house Morningstar says. It has released its latest quarterly KiwiSaver survey, which showed healthy returns for investors across all providers and risk profiles. There was a direct correlation between allocation to growth assets and performance during the quarter. […]