No negative returns for KiwiSaver funds in 2017, Morningstar research shows

Wed, 31 Jan 2018

By Paul McBeth Jan. 31 (BusinessDesk) - All 146 KiwiSaver products offered by 16 providers generated a positive return for their investors in 2017, a year that delivered strong gains on equity markets with the local benchmark S&P/NZX 50 Index jumping 22 percent. Morningstar's quarterly KiwiSaver survey shows the smallest annual return in 2017 was 1.6 percent after fees from the AMP Cash Fund, with $82.5 million of funds under management as at Dec. 31, and delivering an annual return of 3.3 percent over the past 10 years. The highest retu...

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