Biggest has baddest returns

The latest survey found Generate's was the best performing growth fund out of the 14 funds tracked with a 5% return for the latest three months, followed by Simplicity's with a 4.8% return and ASB's with a 4.4% return, while the worst performing growth fund was ANZ's with a 1.6% return for the quarter.

Generate's $1.78 billion was also the best performer over one year with a 19.9% return as well as over three years. It ranked seventh over five years but was second out of 12 funds over 10 years.

ANZ's growth fund is third largest at $5.21 billion and it was the worst performer out of 14 funds in 2024 with a 9.8% return, as well as over three years and over five years. It was the worst performer of 12 funds over 10 years.

ASB's growth fund is the largest of the 14 at $6.44 billion and it was third best out of 14 funds for calendar 2024 with a 17.8% return. It was fourth over three years and 10th over five years but fourth out of 12 funds over 10 years.