A friendly reminder to take the time to do your annual Kiwisaver review, talk to an advisor (if required) etc etc.
Here is the 10 year return/risk graph from Melville Jessop Weaver covering 85% of Kiwisaver providers. If yours isnt there then ask them why they arent.
Remember the higher the return for the same level of volatility is where you want to be depending on your risk profile. And past returns are not indicative of future performance.
The full report: https://mjw.co.nz/
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jonherries: Direct report link:
https://mjw.co.nz/wp-content/uploads/2023/10/2023-MJW-KiwiSaver-Market-Review.pdf
Of course the image above is 10 year performance, so worth noting that newer funds (eg. simplicity) won’t be on that graph because they haven’t been around for 10 years.
There is some reallly interesting stuff in there - especially some of the “aggregated ownership” piece of analysis.
Jon
True but the data is in the report to do a 5yr performance analysis. Here is the 5yr for the Growth funds for example.
Used to be with Simplicity. Stubbs is an index hugger so you know that hes not going to blow things up when markets are hugely volatile. I dont like that I wont know how much of my Kiwisaver is likely to be invested in direct property (BTR) with difficult (highly subjective) mark-to-market. If I want that risk then I want chose a manager that has a good track record with unlisted property (residential or otherwise) and invest directly rather than a Kiwisaver vehicle.
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Risk/Return for 5yr for Balanced Kiwisaver funds.
For less volatility than ANZ's Balanced Growth you'd get the same return from Booster (for example)
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ockel:
AAnd past returns are not indicative of future performance.
Totally get that past performance line, but I sure am glad I lucked it when I chose to move my KS to Milford a number of years ago, as they somehow manage to always perform pretty damn well.
Their fees have also appear to have dropped a significant amount, unless there's something there I'm missing?
jonathan18:
Totally get that past performance line, but I sure am glad I lucked it when I chose to move my KS to Milford a number of years ago, as they somehow manage to always perform pretty damn well.
Their fees have also appear to have dropped a significant amount, unless there's something there I'm missing?
Without doing the analysis there are probably a number of factors at play:
Returns vs volatility for Moderate funds - 5 years to Sept 23
For the same level of risk as ASB you would have got 0.5%pa more with BNZ (and the better returns for less risk with Superlife)
And for completeness risk vs volatility for Conservative Kiwisaver funds for 5 years to Sept 23
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