Sigh of relief: multi-sector KiwiSaver returns on the rise

ANZ leads the market share with more than $18.7b in funds under management. (Image: Depositphotos)

Wed, 10 May 2023

Morningstar says all multi-sector KiwiSaver funds produced positive returns over the March quarter – even as subsequent financial problems in the United States and Europe squeezed the economic outlook.The report’s authors, Greg Bunkall and Evelyn Garrido, said the average multi-sector category returns ranged from 2.9% for the conservative category – including default options – to 5.6% for the aggressive category.Top performers against their peer group in the quarterly KiwiSaver survey were found to be the Simplicity Cons...

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