KiwiSaver results for the quarter to September are now out and across many providers there is steady improvement particularly in growth funds such as shares and property– despite the deepest recession in more than 30 years.
Morningstar Australasia Ltd, an independent investment research company, recently released its KiwiSaver Performance Survey and has AXA’s default Income Plus portfolio ranked number two for its one-year returns.
“To be in the top two in terms of one year returns for customers in our KiwiSaver default portfolio is very satisfying, as 80 per cent of our customers are in the default option,” says Mark Ennis, General Manager Marketing, AXA New Zealand.
“Of course, with the results out, it is tempting to continually switch providers based on quarterly returns, but investors should remember they are in KiwiSaver for the long-term. Returns can fluctuate from quarter to quarter. When selecting a provider it is more important to consider whether the provider has local and global investment expertise and is supported by a sound investment methodology,” says Mark Ennis.
AXA KiwiSaver Scheme Portfolio Performance– Returns to September 2009
Important Note: The value of investments, and the income from them, may go down as well as up and are not guaranteed. Past performance is not necessarily a guide to future performance. You may not get back the full amount invested.
Before you make any decisions regarding saving or investment, it’s important to understand your current financial situation and determine your personal goals. We strongly recommend that you seek advice from a financial adviser. For a copy of the current AXA KiwiSaver Scheme investment statement please call our customer service team on 0800 29 27 28
A disclosure statement is available from your financial adviser, on request and free of charge.
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