New Zealand’s KiwiSaver schemes have shown resilience in the wake of the global financial crisis, with almost all funds delivering positive returns for investors over the past year.
However, a report released today by Morningstar shows that investment returns have fallen across all categories since 2007.
The average fund delivered 3.4% growth last year, down from 9.3% in 2007. Despite this decline, KiwiSaver remains one of the best options available for long-term savings and investment.
According to Morningstar analyst Chris Douglas, “the majority of KiwiSaver schemes still offer good value when compared with other retail investment products.”
Scheme members should review their portfolios regularly to ensure they are getting the best possible return on their money.
