Here's why you should ignore this KiwiSaver report

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The author of a KiwiSaver performance report said the best thing that many investors could do is ignore his findings.

Morningstar released its KiwiSaver survey as of June 30, showing the performance of various savings plan funds.

It shows rebounding returns in the quarter after a difficult first three months of 2018.

"Australian and New Zealand stocks have opened the way, while the fall of the New Zealand dollar has contributed to the strength global equity returns, which allowed investors to KiwiSaver in balanced and growth-oriented plans "rating Asia Pacific Chris Douglas

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Top Performers Among Their During the Quarter, the Reference Group was ANZ Default KiwiSaver Conservative Scheme, Generate KiwiSaver Conservative Fund, Summer Investment Selection , Generate KiwiSaver Growth Fund and Booster KiwiSaver Geared Growth

over a longer period, Milford Active Growth, KiwiSaver Balanced, Fisher Funds KiwiSaver. Growth, Aon Russell Lifepoints, and ANZ KiwiSaver were the best-performing options in their respective categories.

Douglas said that there was nothing par ticular that these top performers were doing in distinguishing them. "They are all very different with different biases."

ANZ took a long-term stable approach, he said, while Milford was very active and shifted his asset allocation where the company saw the best opportunities. 19659007] Fisher Funds and Milford were helped by exposure to New Zealand equities

ANDY JACKSON / STUFF

The KiwiSaver Growth Fund is one of the most successful long-term

But he said that the average KiwiSaver member should put very little interest in this kind of investigations.

They should instead choose a provider with whom they were comfortable, who communicated well, assured that they were in the right fund for their risk profile and paid fees with which they felt comfortable.

"Then, ignore the past performance, she can tell you a story but at the same time get investors to make the wrong decision at the wrong time." [19659007] KiwiSaver assets on the Morningstar database reached 48 , $ 8 billion as of June 30.

ANZ is still the largest supplier. The top six suppliers of KiwiSaver have more than 80% of the market.

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