Kiwisaver performance sites?

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Forums › Finance and wealth management › Kiwisaver performance sites?

shrub

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#304581 16-May-2023 21:03

Had a look at mine after 4 years been with Westpac on growth. Interesting to see that my gains are $187 and fees are $80 so on roughly 17k I'm getting $25 a year back. Not great.

Is there a comparison site or something with real information I can look through. From what I can see it's all just a bunch of fluff on the sites promising they are the best.

eonsim

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#3076932 16-May-2023 21:25

There are several:

https://www.fma.govt.nz/library/reports-and-papers/kiwisaver-tracker/

https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/

https://sorted.org.nz/tools/kiwisaver-fund-finder

As always past performance is no predictor of future earnings...

SomeoneSomewhere

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#3076939 16-May-2023 21:48

Investment returns differ significantly year-to-year, and a bad year wiping out 5+ years of growth is not unheard of. On average, you should end up ahead of a balanced or conservative fund, but that's on a 10+ year timeframe.

As above, past performance isn't a good indicator of future returns. A fair bit of evidence has shown that actively managed funds (people picking individual stocks) basically never outperforms simply buying the average of the whole market - this is what an index fund attempts to do.

The only things you can concretely control are the fees, and how aggressive you are. This is high volatility, high return at one end, and low volatility, low return at the other.

timmmay

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#3077010 17-May-2023 07:13

You've picked a tough comparison period. Give it another couple of years and it'll probably have climbed back up quite a bit.

When there's a recession coming I tend to shift my kiwisaver to a conservative fund, as they tend to lose a little less than growth, then when the recession appears to bottom out I shift it back to growth. So far it's worked well for me, but it's entirely possible and in fact quite likely I'll get it wrong some time and end up worse off because of it.

PANiCnz

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#3077011 17-May-2023 07:23

Morningstar issue quarterly reports that compare KS performance across the majority of funds. But as mentioned previously it's been a poor period for all funds so moving funds chasing better performance might be a mistake.

shrub

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#3077060 17-May-2023 08:13

eonsim:

There are several:

https://www.fma.govt.nz/library/reports-and-papers/kiwisaver-tracker/

https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/

https://sorted.org.nz/tools/kiwisaver-fund-finder

As always past performance is no predictor of future earnings...

Perfect that FMA link is what I was needed. Doesn't look like I need to switch and just wait it out. Google was hopeless all it gives you is links to the funds and not to these sites.

ockel

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#3077063 17-May-2023 09:05

I'd add Melville Jessop Weaver to the report mix. Like Morningstar but better. There is a bunch of commentary and discussion on wholesale funds - the last few pages are Kiwisaver. https://mjw.co.nz/

In an ideal world you're interested in 5 year or 7 year information ratios - its a measure of outperformance (vs benchmark) relative to the volatility (or risk) of returns. A good gatekeeper will allocate a fund to the correct benchmark that reflects its asset allocation (as opposed to the benchmark a manager chooses for themselves).

MJW published a report in 2022 that showed IR's but the quarterly reports kind of show this in a graphical fashion [KiwiSaver Results – Risk versus return (after fees, before tax)]. Better managers give you higher returns for the same risk.

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