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ockel
1981 posts

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  #1549355 10-May-2016 16:06
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antoniosk:

 

ockel:

 

antoniosk:

 

Interesting - Fisher Growth is huge, over $1bn under management. Forsyth Bar Growth has the better 1 year returns but just $13m under management.

 

 

 

Good link guys

 

 

Any monkey can get good returns with a small, nimble fund.  Generating ongoing good returns from a large fund is very difficult.  Which is why most fund managers close their doors on a product at at some arbitrary level of capacity.  Size impacts returns.  Too big and you end up with median returns.

 

 

 

 

So what strategy do you follow? personally i don't like funds as it's hard to ever understand if you're doing reasonably well, but I agree on your comments about providers closing funds - sometimes they split them too (see Fidelity's split of their major UK portfolio with Anthony Bolton was in charge)

 

 

I try to make sure that my provider is in the top quartile for each of 3 and 5 years.  If they dont have a track record of 3 years then I'm not that interested as they will probably dial up the risk to get a good immediate track record.  They also need to be outperforming the benchmark but its pretty rare for those in the top quartile to be below the benchmark (unless everyone is unhedged vs a benchmark that assumes hedging).

 

At some point I'll probably collate all the quarterly numbers and calculate information ratios.  But my apathy is too great at this stage.





Sixth Labour Government - "Vision without Execution is just Hallucination" 


 
 
 

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BlinkyBill
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  #1549375 10-May-2016 16:34
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dejadeadnz:

BlinkyBill: I recently moved from Gareth Morgan, now Kiwiwealth. When he sold to Kiwibank I noticed a significant drop in performance and I feel they have taken their eye off the ball. 2016 Q1 results for Kiwiwealth indicate this has been a good move.


 


This is coming from someone who hates Kiwibank (I won't go into it here) but even I have to defend them. I really hope you aren't making any long term investment decisions based solely or even mainly on one (or even a few) past quarters' performance of a fund. Most reputable studies tell you that, for example, the fee structure and levels of fees for a fund are far bigger determining factors of overall returns than past performance.


 


 

no, I was losing confidence over about the last 18 months, ever since they sold really; but moved in Q1 this year. Coincidentally their Q1 performance wasn't too flash. It's the first time I've moved providers. Ironically I went with GMI for the same reasons I went with Milford this time.

BlinkyBill
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  #1549377 10-May-2016 16:36
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Geektastic:

BlinkyBill: I recently moved from Gareth Morgan, now Kiwiwealth. When he sold to Kiwibank I noticed a significant drop in performance and I feel they have taken their eye off the ball. 2016 Q1 results for Kiwiwealth indicate this has been a good move.

I went with Milford as I wanted to try out a boutique provider who don't do other finance services. Only been there a month, so we'll see how they go.

Although I have moved providers I am staying with a growth/aggressive strategy for kiwisaver, so that is a long-term play.

I popped $50k into funds for each of my kids in December, and decided on ANZ as a solid performer, near the top, and with banking services also. They have done ok so far.


If you have 10 kids, I am well impressed...!

I have two kids, and an operation.



xlinknz
1115 posts

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  #1620025 31-Aug-2016 07:26
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Very topical, my view on 'good' is that I have an ethical fund option [ideally independently audited], low fees and good returns

 

This article lists the ethical funds at the time of being published but add Kiwiwealth. Westpac announced yesterday they will abandon weapons [only] investments and I'm sure more will follow very soon

 

I found quite a range of fees and returns for all those funds and by my assessment Superlife Ethica is the leading ethical fund to date i.e. lowest fees and best returns, whats more than have a mobile app so I may go with them

 

Of those who use them could comment on them please do

 

 

 

 

 

 

 

 


nakedmolerat
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  #1620027 31-Aug-2016 07:30
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Those who are interested with an ethical investment - you can have a look here.

Amanah Kiwisaver: http://www.amanahnz.com



investful
1 post

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  #1666571 9-Nov-2016 14:47
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Hey @channel! (too used to Slack)
I'm building a robo-advisor platform for Kiwisaver. Would anyone here be interested in talking about it? I'm in the early stages, looking to talk to people similar to myself and talk with them about their kiwisavers! 

 

Thanks! 


freitasm
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  #1666581 9-Nov-2016 15:06
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I was with Fisher but moved to a new one that opened just last month - Simplicity.





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iDear
60 posts

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  #1666586 9-Nov-2016 15:12
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freitasm:

 

I was with Fisher but moved to a new one that opened just last month - Simplicity.

 

 

 

 

Same here!


mattwnz
19480 posts

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  #1666602 9-Nov-2016 15:35
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Whats your risk profile, and how long have you got until retirement age. If you are in your 30's you probably need to presume that the retirement age will be 70+. WIll you be withdrawing it for a 1st home in the near future?  But you should consult with a financial adviser.


MikeAqua
7671 posts

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  #1666623 9-Nov-2016 15:54
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Geektastic:

 

So far the former Gareth Morgan fund, now Kiwi Wealth, has done well for me.

 

 

Someone I know is with this fund and is very happy with it. 

 

I'm with Milford who are almost as good.





Mike


MikeAqua
7671 posts

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  #1666643 9-Nov-2016 16:12
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ZollyMonsta: My wife and I are with Fisher Funds.

 

This raises an interesting question for me.

 

Should a couple invest indifferent funds?

 

Or are funds diversified enough that doesn't matter?

 

Or is there so much overlap in what different funds invest in, that there is no benefit in splitting investment?





Mike


sxz

sxz
752 posts

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  #1666660 9-Nov-2016 16:29
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Not ANZ.

 

I've been in their growth fund for 18 months and have had a steady 0% return (total profit on $20k invested is -$200).

 

Wish I never moved from AMP!

 

 


MikeAqua
7671 posts

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  #1666694 9-Nov-2016 16:51
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sxz:

 

Not ANZ.

 

I've been in their growth fund for 18 months and have had a steady 0% return (total profit on $20k invested is -$200).

 

Wish I never moved from AMP!

 

 

When I was shopping around ANZ was simply reselling another fund (can't remember which).  So it was higher fees for the same fund with no added surety - banks don't guarantee Kiwisaver deposits.





Mike


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