NZ Funds KiwiSaver gets thumbs up from Lonsec
Three portfolios in the NZ Funds KiwiSaver scheme earned recommendations from Australian research house Lonsec, with Income Strategy receiving a 'Highly Recommended' rating and 'Recommended' ratings for the Inflation Strategy and Growth Strategy.
"To have one of Australasia's leading research organisations review our scheme's portfolios is a significant achievement for us and is a credit to our KiwiSaver scheme investment management team," said NZ Funds chief investment officer Michael Lang.
He also said he believed every KiwiSaver fund should be qualitatively reviewed.
"It should be compulsory for all KiwiSaver scheme portfolios to be qualitatively reviewed. The alternative, a quantitative review process, is based solely on numbers and does not take investment process into account so it is insufficient to determine whether a KiwiSaver scheme portfolio is likely to meet clients' needs."
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