ASB's quarter to shine

By contrast, both Fisher Funds Management and Milford Asset Management’s KiwiSaver offerings were relegated to being among the worst performers, an unaccustomed position for both firms.

However, the latest MJW survey showed strong returns across the board, with median returns ranging from 2.7% for the September quarter from the 18 conservative funds in the survey to 6.1% for the 15 growth funds.

Median annual returns ranged from the conservative funds’ 5.7% to the growth funds’ 13%.
ASB’s $7.01 billion growth fund achieved a quarterly return of 7.8% and an annual return of 15.2%, the best performers in both periods, and it ranked fourth out of 14 funds over 10 years with annual returns of 9.2%.

ASB’s $4.53 billion balanced fund returned 6.4% for the quarter and 12.6% for the year compared with the median return of 16 funds of 5.4% for the quarter and 10.8% for the year.