Some KiwiSaver heavyweights not the best options

Thu, 30 Jul 2020

AMP's funds continue to provide among the poorest returns among KiwiSaver options while the largest player in the market, ANZ Bank, has produced superior returns from its default fund but mainly mediocre returns from its others. The best performing funds in individual categories, such as balanced and growth funds, tend to be smaller providers, but no single manager stands out as the best in all categories. The latest figures from Morningstar for the June quarter show AMP's default fund – the second largest – was the worst performer in six...

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