Market movements saw KiwiSaver assets grow $8 billion in the last quarter of 2023, ending the year at $104 billion according to Morningstar’s latest data. Average multisector category returns for the December quarter ranged from 4.9% for the conservative category to 7% for the aggressive category. Default options averaged 6.3%. All KiwiSaver providers, with the […]
Category Archives: KiwiSaver News
Generate cracks $5 bill mark
Generate becomes one of the largest boutique KiwiSaver managers. Generate has cracked the $5 billion in funds under management (FUM) mark, making it one of the largest boutique KiwiSaver providers (outside of banks). That growth has been driven by strong long-term performance, award-winning customer service and its focus on educating and empowering Kiwis to make […]
Fisher’s KiwiSaver FUM sliggish after Kiwi Wealth purchase
Fisher Funds chalked up very sluggish growth in its KiwiSaver funds under management (FUM) through the first quarter of owning Kiwi Wealth but the wholesale side of its business is growing at double-digit rates. The latest MJW survey showed Fisher's wholesale FUM grew 14.6% to $18.36 billion between the September and December quarters of 2023. […]
KiwiSaver – is consolidation on the cards?
KiwiSaver has finally hit a speed bump shrinking for the first time to end the September quarter at $96.2 billion. That’s down around $2 billion from June. This was entirely due to market movements and to be expected, says Morningstar data director of Asia-Pacific Greg Bunkall. “As a growing product, inflows have overshadowed outflow and […]