Morningstar data reports total assets up 17% on a year ago.
KiwiSaver fund assets topped $57 billion in June, up 17% on a year earlier as strong equity and bond returns boosted fund performance.
According to data from Morningstar, the best-performing default fund over the last year was ASB Conservative with 6.9%. The ASB fund also topped the five-year performance figures.
Relative newbie Simplicity had the best performing Conservative fund with 8%, while the best balanced fund one-year performance came from AMP’s tiny Income Generator fund on 9.5%.
Generate’s Growth fund was the best of its sector for the year with a 10.2% return.
Best 10-year returns were from Mercer’s default, Aon Russell Lifepoints Conservative, Aon Russell Lifepoints balanced and Milford Active Growth.
The market shares of the 16 KiwiSaver providers in the survey remained much the same with ANZ still the biggest. Simplicity and Milford each climbed one place while Aon and Booster each dropped one.
