Growth KiwiSaver funds performed strongly again in the June quarter, Morningstar’s latest research shows. The research house has released its latest KiwiSaver survey. “We continue to have an equity-friendly market environment with local and global equity markets posting solid returns this quarter. Fixed income assets also had reasonable performance,” Morningstar director of manager research ratings, […]
Category Archives: KiwiSaver Articles
Performance fees boost managers’ earnings
Performance fees have helped to lift the fee revenue claimed by fund managers Milford and Fisher Funds. Companies Office figures show Milford reported fee revenue of $46.5 million for the year to March. That is up 21% on the previous year. Of that, $35.1m was management fees and $11.4m performance fees. Milford has near $4 […]
Booster buys into wine
KiwiSaver firm Booster has made a direct investment of capital into a wine company. The investment in Awatere River Wine Company is the first injection of KiwiSaver funds into the wine industry. Awatere River Wine Company founder and winemaker Louis Vavasour said it was a vote of confidence in the buoyant New Zealand wine industry. […]
ANZ launches scheme to help retain KiwiSaver clients
ANZ is launching a new system through which it hopes to hold on to more of its KiwiSaver members. Ana-Marie Lockyer. ANZ’s general manager of wealth, said the bank was planning to send letters to rwho have signalled their intention to transfer out of its OneAnswer KiwiSaver Scheme. She said the bank would still process […]