The latest Morningstar KiwiSaver Survey has been released, offering more captivating insights into the KiwiSaver landscape. Below are the top-performing funds in the Conservative, Balanced, Growth, and Aggressive categories over 1, 3, and 10-year periods.
Returns were mixed for the March 2025 quarter, with higher-risk funds taking the biggest hits. Despite the volatility, long-term trends are crystal clear. QuayStreet continues to perform exceptionally, taking top spots in the Balanced category across 1 and 3 years. Milford once again shows dominance, leading the Conservative and Growth categories over 10 years, and delivering strong long-term Balanced results. Generate’s Focused Growth Fund shines in the Aggressive space, delivering the best 3-year return in its class.
And the banks? Nowhere to be seen. Not one bank-managed fund made it into the top-performing list across any risk category or timeframe. The message couldn’t be clearer: if you’re chasing strong, consistent returns, it’s the quality non-bank managers like Milford, Generate, QuayStreet, and Kernel doing the heavy lifting.
Conservative
- 1 year: Milford 7.3%
- 3 year: QuayStreet 5.4%
- 10 year: Milford 4.9%
Balanced
- 1 year: QuayStreet 10.3%
- 3 year: QuayStreet 9.5%
- 10 year: Milford 7.8%
Growth
- 1 year: InvestNow 8.8%
- 3 year: QuayStreet 10%
- 10 year: Milford 9.8%
Aggressive
- 1 year: Kernel 9%
- 3 year Generate 8.4%
- 10 year Booster 9.4%
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This article is for informational purposes only and should not be considered financial advice. It is always recommended to consult with a qualified financial professional before making any financial decisions based on your individual circumstances. As with any investment, past performance is no guarantee of future results.
