KiwiSaver balances grew by $10 billion in June quarter
KiwiSaver members saw their combined balances rise by $10 billion in the June quarter, with returns varying from 3.3 percent for conservative funds to 11.9 percent for aggressive ones.
KiwiSaver funds under management reached $147.7 billion in the June quarter, reflecting a $10 billion increase. Returns varied significantly by fund type, with conservative funds averaging 3.3 percent and aggressive funds returning 11.9 percent over the period. Smaller competitors continue to gain market share against New Zealand's major banks.
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RNZ
Why KiwiSaver members are $10b richer – and which fund returned 98% in a year
Morningstar's latest KiwiSaver survey shows returns ranged from an average 3.3 percent in the quarter for conservative fund to 11.9 percent for the aggressive category.
NZ Herald
Why KiwiSaver members are $10b richer – and which fund returned 98% in a year
KiwiSaver balances rose $10b in the June quarter.
interest.co.nz
KiwiSaver funds rose more than $11 billion in June quarter
KiwiSaver funds under management reach $147.7 billion in June quarter, as smaller competitors continue to ‘nip away’ at the market share of NZ’s big banks