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...

More Markets

Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.