Low-fee KiwiSaver providers to the fore in Morningstar survey

Morningstar has released its KiwiSaver survey for the December quarter.

It shows that over the quarter, default funds returned an average 2 percent, conservative 0.7 percent, balanced 1.6 percent, growth 1.7 percent and aggressive 2.8 percent.

Over a year, aggressive funds were up 12.8 percent and growth 9.7 percent. Balanced funds were up 9.7 percent and conservative 5.8 percent.

The highest performer over a year was Kernel’s S&P Global Clean Energy fund and the lowest performer was Koura Bitcoin, which has been dragged down by recent falls in the price of the cryptocurrency.