Three major banks lose KiwiSaver market share

Tue, 02 Feb 2021

Three of the four major banks lost market share in KiwiSaver funds but they're unlikely to be crying too much because all four still experienced strong growth in calendar 2020.While Fisher Funds also lost a little market share, it still kicked AMP into fifth place in the market with AMP's funds among the worst-performing, Morningstar's December quarterly KiwiSaver report said.The stand-out gainers in funds under management were Generate, Milford and Simplicity.Overall, KiwiSaver funds grew 20.6 percent to $76.4 billion between Decem...

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