Milford's $26.5m windfall from index fund flows

Milford's $26.5m windfall from index fund flows
Average fund growth was a modest 2.4%, Morningstar finds.
Dan Brunskill
Milford’s Active Growth fund has come out on top of Morningstar’s first quarter KiwiSaver rankings which shows investment returns were generally off to a sluggish start in 2021.Insurance broker Aon’s white labelled Milford fund was the top performing growth fund, earning 5.9% in the first three months of the year. Milford’s own active growth fund took second place with a return of 5.8%.Average fund growth was a modest 2.4% as funds with larger exposures to defensive and domestic growth assets generally struggled.“N...

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