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Cash returns
KiwiSaver performance to 30 June 2011
The table below compares the cash returns of the different KiwiSaver providers. Returns are sorted by the three year average return. While part of the differences in returns relates to the investment approach of each provider, most of the differences will be explained by the fee differences.
Returns to 30 June 2011
|
|
1 year (%) |
2 years (% pa) |
3 years (% pa) |
|
SuperLife Cash Pool |
4.4 |
4.2 |
5.1 |
|
Mercer KiwiSaver Cash |
4.2 |
4.2 |
4.9 |
|
Mercer Super Trust KiwiSaver Cash |
3.9 |
4.1 |
4.8 |
|
Grosvenor KiwiSaver Enhanced Income Fund |
3.9 |
3.9 |
4.6 |
|
Aon Tyndall Cash |
3.6 |
3.4 |
4.4 |
|
AMP KiwiSaver Cash Fund |
3.5 |
3.2 |
4.3 |
|
Aon OnePath Cash |
3.1 |
3.2 |
4.3 |
|
TOWER KiwiPlan-Preservation |
3.2 |
3.1 |
4.1 |
|
Staples Rodway KiwiSaver Conservative Fund |
3.6 |
3.4 |
3.8 |
|
OnePath KiwiSaver - Cash Plus Fund |
3.2 |
2.8 |
3.8 |
|
AXA KiwiSaver Cash |
3.0 |
3.2 |
3.7 |
|
ASB KiwiSaver NZ Bank Deposit Fund |
2.8 |
2.6 |
3.6 |
|
ASB FirstChoice KiwiSaver NZ Cash Fund |
2.7 |
2.6 |
3.6 |
|
Westpac KiwiSaver-Cash Fund |
3.1 |
3.0 |
3.5 |
|
OnePath KiwiSaver SIL Cash Plus Fund |
2.8 |
2.7 |
3.3 |
|
National Bank KiwiSaver Cash Fund |
3.1 |
2.5 |
- |
| ANZ KiwiSaver Cash Fund | 3.1 | 2.5 | - |
|
Average |
3.4 |
3.2 |
4.1 |
Source: Provider websites, SuperLife
When return differences are explained by fee differences, the relative return advantage is likely to be repeated in the future and permanent. Even small differences in returns can provide significant differences in balances over the long-term.
About SuperLife
Based on the fee calculator on the Retirement Commissioner’s website, SuperLife is one of the lowest cost KiwiSaver schemes. In addition, SuperLife provides a high level of flexibility and choice.
SuperLife gives members a choice between 18 different investment options. Members can change their investment strategy at anytime. We do not charge for changing investment strategies.
Disclosure
It should be noted that the returns of the different providers have been sourced from publicly available information including published surveys. SuperLife does not guarantee the accuracy of the returns of the other providers and recommends that an investor obtains advice specific on their needs before making a decision.
