Top KiwiSaver fund performance, March quarter 2024
The latest Morningstar KiwiSaver Survey has been released. Below are the top performing KiwiSaver funds in the conservative, balanced, growth and aggressive categories over one, three and ten years.
Short term results move around with markets. The longer term numbers give a better guide to how a provider manages money through different conditions.
Top performing funds, March quarter 2024
| Timeframe | Conservative | Balanced | Growth | Aggressive |
|---|---|---|---|---|
| 1-Year | Fisher Funds, 9.6% | QuayStreet, 16% | Generate 25.4% | Generate 25.4% |
| 3-Year | Milford, 3.8% | QuayStreet, 6.7% | Milford, 8.6% | Milford, 8.6% |
| 10-Year | Milford, 5.8% | Milford, 8.8% | Generate 10.5% | Generate 10.5% |
Source: Morningstar KiwiSaver Survey, March 2024 quarter. Past performance is not a guide to future returns.
Performance overview
QuayStreet continues to perform well across various time periods in the conservative and balanced categories. Milford has maintained consistently high performance in the balanced and growth categories over the long term. Generate is delivering strong numbers across multiple periods. In summary, quality non bank providers continue to outperform all bank KiwiSaver providers.
Even if KiwiSaver is not considered an essential part of your retirement plan, it’s important to be aligned with the right provider and select a fund with an appropriate allocation of growth assets. If you’re 50 or younger, playing it too conservatively now will have a significant negative impact on your retirement balance.
How Finsol can help
The right provider and fund make a real difference to your retirement balance. We help you choose a provider and fund that suit your goals, show you what your retirement could look like, and give you the information you need to invest with confidence.
Call us on 0800 346 765 or book a free consultation.
Finsol is a financial advisory business founded in Hawke’s Bay in 2010, looking after more than 6,000 clients across New Zealand. This article is general information only and does not take your personal circumstances into account. Fund returns are from the Morningstar KiwiSaver Survey for the March 2024 quarter. Past performance is no guarantee of future results.
