Kiwisaver assets climb $5b to nearly $135b in September quarter

Kiwisaver assets climb $5b to nearly $135b in September quarter
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Staff reporters
As KiwiSaver turns 18, assets in the scheme rose by $5 billion in the September quarter to reach just under $135 billion, research firm Morningstar says.In its latest quarterly survey, Morningstar said most multi-sector KiwiSaver funds produced positive returns compared with the June quarter.As for the default funds, all funds made it to around 5%.“KiwiSaver has become an adult,” Morningstar data director Greg Bunkall said, noting the quarter marked 18 years since the start of the scheme.Bunkall said the $5b increase over the quarte...