Rates Round Up: Nov 19
Cash-heavy default and conservative KiwiSaver funds continue to outperform their riskier peers, according to Mercer’s KiwiSaver Survey for the September quarter.
While KiwiSaver diversified funds largely produced negative results for the quarter, with a median return of -3.7%, the majority of default funds managed to stay positive with a median return of 0.2%.
The more aggressive growth funds posted a median return of -7.1% for the period.
The best performing fund for the quarter was the default fund, OnePath Conservative, which returned 1.0% over the period.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)