Worst performing KiwiSaver funds (Q3, 2022 Results)
How has your KiwiSaver fund handled the turbulence over the last 12 months?
To help New Zealand investors assess the past performance of the KiwiSaver funds available we collated data from the Morningstar KiwiSaver Survey for September 2022, 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 30 September 2022, 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: 1.0% (five year average return) ranked 19 out of 19.
MAS Conservative: 1.3% (five year average return) ranked 18 out of 19.
AMP Defensive Conservative: 1.3% (five year average return) ranked 17 out of 19.
What difference would this make to my KiwiSaver?
The industry average return for Conservative fund types over the most recent 5 years was 1.8%*.
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
Mobile app offering
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: 1.2% (five year average return) ranked 20 out of 20.
AMP ASB Moderate: 1.8% (five year average return) ranked 19 out of 20.
AMP LS Moderate: 1.9% (five year average return) ranked 18 out of 20.
What difference would this make to my KiwiSaver?
The industry average return for Moderate fund types over the most recent 5 years was 2.4%.
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
Mobile app offering
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 Global Multi-Asset: 1.5% (five year average return) ranked 26 out of 26
AMP LS Moderate Balanced: 2.3% (five year average return) ranked 25 out of 26
NZ Defence Force Balanced: 3% (five year average return) ranked 24 out of 26
What difference would this make to my KiwiSaver?
The industry average return for Balanced fund types over the most recent 5 years was 3.8%*.
AMP Global Multi-Asset 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
Mobile app offering
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 Nikko AM Balanced: 3% (five year average return) ranked 25 out of 25
NZ Defence Force Growth: 3.8% (five year average return) ranked 24 out of 25
SuperLife Growth: 4.1% (five year average return) ranked 23 out of 25
What difference would this make to my KiwiSaver?
The industry average return for Growth fund types over the most recent 5 years was 5.0%*.
AMP Nikko AM Balanced 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
Mobile app offering
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 Nikko AM Growth: 3.9% (five year average return) ranked 11 out of 11.
AMP LS Aggressive: 4.5% (five year average return) ranked 10 out of 11.
SuperLife High Growth: 4.6% (five year average return) ranked 9 out of 11.
What difference would this make to my KiwiSaver?
The industry average return for Aggressive fund types over the most recent 5 years was 5.4%*.
AMP Nikko AM Growth 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
Mobile app offering
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).