Kiwisaver - Returns to December 2023

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Forums › Finance and wealth management › Kiwisaver - Returns to December 2023

ockel

2031 posts

Uber Geek

#311541 25-Jan-2024 15:21

Melville Jessop Weaver Investment Survey for the December quarter has been released.

A link for any interested https://mjw.co.nz/wp-content/uploads/2024/01/MJW-Investment-Survey-Dec-2023.pdf

And the Risk/Return graph for the 10 year period for judging your manager against all others in your appropriate risk class. If there is a demand for the 5 yr graphs I'll post them.

mattwnz

20141 posts

Uber Geek

#3186479 25-Jan-2024 15:31

I do wonder why AMPs return % is at or near the bottom for all 4.

mudguard

2113 posts

Uber Geek

#3186482 25-Jan-2024 15:35

Good old Kiwi Wealth. I don't even know who owns it now as it's changed hands a couple of times. I've left the residual amount in a growth fund as I took virtually all of it out to buy a house.

I remember way back Gareth Morgan wouldn't share their numbers as I think his members got their reports in dollar terms whereas many others were reporting in 'units' which he disagreed with.

It must've changed.

jonathan18

7413 posts

Uber Geek

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#3186492 25-Jan-2024 16:27

mudguard: Good old Kiwi Wealth. I don't even know who owns it now as it's changed hands a couple of times. I've left the residual amount in a growth fund as I took virtually all of it out to buy a house.

I remember way back Gareth Morgan wouldn't share their numbers as I think his members got their reports in dollar terms whereas many others were reporting in 'units' which he disagreed with.

It must've changed.

IIRC it’s now owned by Fisher Funds. I’ve shifted my kids’ schemes from Kiwi Wealth (to Simplicity), much like I shifted my own scheme from them (to Milford) at some point after they took over GMI. The kids still have some money in Kiwi Wealth’s managed funds, which are doing swimmingly (/s)…

cshwone

1070 posts

Uber Geek

#3186516 25-Jan-2024 18:01

How do you read that graph. Yep I get the Y axis, but what does the x-axis actually mean and is it actually relevant?

Jase2985

13457 posts

Uber Geek

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Lifetime subscriber

#3186526 25-Jan-2024 18:47

cshwone:

How do you read that graph. Yep I get the Y axis, but what does the x-axis actually mean and is it actually relevant?

X is how risky the investment is, given they are high growth they are more risky, and tend to be more volatile in their returns, sometimes having some good ups, but other times they might have some low or even negative returns. The closer to zero you get the more conservative you get where there is less year-on-year fluctuation but with that comes less returns.

What you have to remember is if you are young you are in it for the long haul so while you might have a year or 2 that are low return, look at the long term, which is what that graph is showing, which is the 10-year return which for the growth funds is anywhere from 6.5% to 10.5% per annum.

cshwone

1070 posts

Uber Geek

#3186556 25-Jan-2024 20:13

Jase2985:

cshwone:

How do you read that graph. Yep I get the Y axis, but what does the x-axis actually mean and is it actually relevant?

X is how risky the investment is, given they are high growth they are more risky, and tend to be more volatile in their returns, sometimes having some good ups, but other times they might have some low or even negative returns. The closer to zero you get the more conservative you get where there is less year-on-year fluctuation but with that comes less returns.

What you have to remember is if you are young you are in it for the long haul so while you might have a year or 2 that are low return, look at the long term, which is what that graph is showing, which is the 10-year return which for the growth funds is anywhere from 6.5% to 10.5% per annum.

Thank you, a great explanation and totally get it now.

Lightbulb

116 posts

Master Geek

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Lifetime subscriber

#3188932 31-Jan-2024 19:30

mattwnz:

I do wonder why AMPs return % is at or near the bottom for all 4.

and Milford is near the top for theirs