Annual KiwiSaver report: how did your fund do in 2023?

The total value of KiwiSaver surpassed $100 billion at the end of 2023. (Image: Getty)

Mon, 04 Mar 2024

Mon, 04 Mar 2024

On balance, 2023 was a great year for KiwiSaver investors, especially after the grim performance of almost all asset classes in 2022.The average growth fund returned 14% in the year to December 2023, while balanced and conservative funds returned 11.3% and 8.3%, respectively.All three of those numbers are almost double the average annualised growth rate for each category over the past 10 years.Every fund in these three categories, which account for 85% of all the money invested in KiwiSaver schemes, grew at 5% or higher. Not one fund in the gro...

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