Worst performing KiwiSaver funds (Q1,2023)
To help New Zealand investors assess the past performance of the KiwiSaver funds available we collated data from the Morningstar KiwiSaver Survey for March 2023, the most recent survey conducted and identified the three worst-performing funds in each multi-sector category based on their most recent 5-year average performances as at 31 March 2023, after fees but before tax.
It is most appropriate to evaluate the performance of a KiwiSaver fund by studying its long-term returns along with several other factors to consider when deciding on a KiwiSaver fund that is right for you including:
Responsible Investing Considerations
Process and portfolio composition
Organisational Stability
Fees
Customer service
Please keep in mind that this information is not intended to be financial advice. If you'd like to receive tailored KiwiSaver advice to determine the most appropriate KiwiSaver fund for you, then please complete our KiwiSaver Fact Find Questionnaire.
Contents:
Conservative fund category Worst performers over last 5 years
BNZ Conservative: 1.6% (five year average return) ranked 15 out of 15.
AMP Defensive Conservative: 1.8% (five year average return) ranked 14 out of 15.
MAS Conservative: 1.9% (five year average return) ranked 13 out of 15.
What difference would this make to my KiwiSaver?
The industry average return for Conservative fund types over the most recent 5 years was 2.4%*.
BNZ Conservative Fund vs Conservative Fund Average
Thinking about changing your KiwiSaver provider?
There are several factors to consider when deciding on a KiwiSaver fund that is right for you including:
Performance
Responsible Investing Considerations
Process and portfolio composition
Organisational Stability
Fees
Customer service
If you want to know if your KiwiSaver fund is both being maximised and suitable for your personal situation, follow the link below to our KiwiSaver advice page. The page contains a link to our fact find only takes 5 minutes to complete, and once you have finished we will provide you with a free no-obligation KiwiSaver recommendation.
Moderate fund category Worst performers over last 5 years
AMP LS Conservative: 1.8% (five year average return) ranked 14 out of 14.
Westpac Conservative: 2.4% (five year average return) ranked 13 out of 14.
AMP LS Moderate: 2.5% (five year average return) ranked 12 out of 14.
What difference would this make to my KiwiSaver?
The industry average return for Moderate fund types over the most recent 5 years was 3.0%.
AMP LS Conservative Vs Moderate Fund Average
Thinking about changing your KiwiSaver provider?
There are several factors to consider when deciding on a KiwiSaver fund that is right for you including:
Performance
Responsible Investing Considerations
Process and portfolio composition
Organisational Stability
Fees
Customer service
If you want to know if your KiwiSaver fund is both being maximised and suitable for your personal situation, follow the link below to our KiwiSaver advice page. The page contains a link to our fact find only takes 5 minutes to complete, and once you have finished we will provide you with a free no-obligation KiwiSaver recommendation.
Balanced fund category Worst performers over last 5 years
AMP LS Moderate Balanced: 3.0% (five year average return) ranked 20 out of 20.
AMP LS Balanced: 3.7% (five year average return) ranked 19 out of 20.
AMP Balanced Fund No.2: 3.9% (five year average return) ranked 18 out of 20
What difference would this make to my KiwiSaver?
The industry average return for Balanced fund types over the most recent 5 years was 4.8%*.
AMP LS Moderate Balanced Vs Balanced Fund Average
Thinking about changing your KiwiSaver provider?
There are several factors to consider when deciding on a KiwiSaver fund that is right for you including:
Performance
Responsible Investing Considerations
Process and portfolio composition
Organisational Stability
Fees
Customer service
If you want to know if your KiwiSaver fund is both being maximised and suitable for your personal situation, follow the link below to our KiwiSaver advice page. The page contains a link to our fact find only takes 5 minutes to complete, and once you have finished we will provide you with a free no-obligation KiwiSaver recommendation.
Growth FUND CATEGORY Worst PERFORMERS over last 5 years
AMP LS Growth: 4.9% (five year average return) ranked 16 out of 16.
Westpac Growth: 5.2% (five year average return) ranked 15 out of 16.
SuperLife Growth: 5.3% (five year average return) ranked 14 out of 16.
What difference would this make to my KiwiSaver?
The industry average return for Growth fund types over the most recent 5 years was 6.2%*.
AMP LS Growth Vs Growth Fund Average
Thinking about changing your KiwiSaver provider?
There are several factors to consider when deciding on a KiwiSaver fund that is right for you including:
Performance
Responsible Investing Considerations
Process and portfolio composition
Organisational Stability
Fees
Customer service
If you want to know if your KiwiSaver fund is both being maximised and suitable for your personal situation, follow the link below to our KiwiSaver advice page. The page contains a link to our fact find only takes 5 minutes to complete, and once you have finished we will provide you with a free no-obligation KiwiSaver recommendation.
aggressive FUND CATEGORY worst PERFORMERS over last 5 years
AMP LS Aggressive: 5.3% (five year average return) ranked 9 out of 9.
SuperLife High Growth: 6.0% (five year average return) ranked 8 out of 9.
Mercer Sustainable Plus Hi Gr: 6.3% (five year average return) ranked 7 out of 9.
What difference would this make to my KiwiSaver?
The industry average return for Aggressive fund types over the most recent 5 years was 6.7%*.
AMP LS Aggressive Vs Aggressive Fund Average
Thinking about changing your KiwiSaver provider?
There are several factors to consider when deciding on a KiwiSaver fund that is right for you including:
Performance
Responsible Investing Considerations
Process and portfolio composition
Organisational Stability
Fees
Customer service
If you want to know if your KiwiSaver fund is both being maximised and suitable for your personal situation, follow the link below to our KiwiSaver advice page. The page contains a link to our fact find only takes 5 minutes to complete, and once you have finished we will provide you with a free no-obligation KiwiSaver recommendation.
*Please note that all graphs depicting projections use a $10,000 starting balance, with compounding interest at the rates stated. They exclude any further contributions (such as your employee, employer or Government contributions).