The managers of New Zealand’s first Islamic KiwiSaver fund are keen to talk to advisers who would like another option to offer their clients. The Amanah KiwiSaver Plan has been registered for business since mid-last year but barrister Brian Henry, who operates the fund, said it had been collecting members on the basis of word-of-mouth […]
Category Archives: KiwiSaver News
KiwiSaver effect has wide reach
New Zealand’s boutique funds managers are set to benefit from the growth of KiwiSaver, even if they do not operate funds themselves. Many big providers are outsourcing parts of their KiwiSaver products, such as stock selection, to smaller operators. AMP announced this month that it was to outsource its New Zealand equity management to a […]
Find the right fund fit: Morningstar
KiwiSaver investors are being told it’s better to focus on finding the right fund for their risk profile than to chase managers based on past performance. Morningstar has released its latest KiwiSaver survey, for the December 2014 quarter. It shows most asset classes registering positive returns. The growth category of KiwiSaver funds was the strongest […]
KiwiSavers’ missing millions
KiwiSaver members in default schemes may have missed out on as much as $200 million in performance returns over the past 12 months because they are not in the right scheme. Almost 50 per cent of the 2.3 million people in KiwiSaver are in low-risk, conservative or cash funds. Twenty per cent of members are […]