“The size of the pool is huge,” Stubbs said. “And there’s something very special about the money. You talk about politics but this the most depoliticised pool of money, because it belongs to everybody.” Simplicity and other KiwiSaver schemes already invest in the Local Government Funding Agency (LGFA), the pool of cheap debt for various local bodies. But that also includes major investment from overseas funds, and Stubbs believes there’s a case for direct investment for Kiwis, by Kiwis. “I’m going to invest in water systems all over the world, it doesn’t have to be here [Wellington], but it seems to me kind of silly that we wouldn’t invest in our own backyard.
KiwiSaver members missing out on thousands by being in wrong fund
14 Apr, 2021 10:45 PM
4 minutes to read
Figuring out which KiwiSaver fund is right for you can be a minefield. Photo / File
KiwiSaver members are missing out on thousands of dollars by being in the wrong fund for them, research by a new digital advice service shows. A $10,000 investment in 2013 in the top-performing growth fund over the past seven years would be worth $21,719.
Read More
But the same investment in the bottom-performing conservative fund would be worth just $13,885.
Joe Taylor, founder of BetterSaver, said there were a lot of people sitting in conservative default funds because they had never made an active choice.
Progress on a massive US fiscal spending plan has given global stocks a shot in the arm, as investors shrug off worries about rising interest rates to focus on brighter prospects for the global economy.
Friday, 26 February 2021, 12:11 pm
Milford Asset Management has taken out the top honour at
last night’s 2021 Morningstar New Zealand Awards, being
awarded Overall Fund Manager of the Year.
Last
night’s success continues a strong run for Milford, which
has over the past five years been named Morningstar
KiwiSaver fund manager of the year in 2019, 2018 and 2016
and was last year named Fund Manager of the Year- Domestic
Equities.
The Morningstar Awards are determined by a
combination of qualitative research
by Morningstar s manager research analysts; risk-adjusted
medium- to long-term performance track records; and
performance in the 2020 calendar year.
In announcing
the award, Morningstar said Milford boasts an impressive
Business Scoop » Milford Named Top Fund Manager In New Zealand For 2021 scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.