Strong returns across the board as KiwiSaver industry surpasses NZ$76 billion.

Over the September quarter all Multisector KiwiSaver funds produced positive returns. Funds with a large exposure to small and mid-cap NZ stocks are likely to have performed particularly well.

The June Quarter returns of KiwiSaver funds generally reflected improved underlying market conditions.

COVID-19 has gripped financial markets with anxiety regarding the virus’s increasing global reach seemingly intensifying with every breaking media headline.

All but a handful of multisector KiwiSaver funds recorded positive returns over the quarter.

Strong returns continue for KiwiSaver funds, with assets surpassing $60bn for the first time.

The S&P/NZX 50 Index was up 6.7% over the quarter, with Australian share performance also very strong with the S&P/ASX 200 index up 8.0%. (Please note this is a revised report to the release on the 31 July. A number of the AON Russell Lifepoint fund returns have been amended)

KiwiSaver funds generally reflected the improvement of underlying market conditions in the March quarter, with all funds surveyed making positive returns.

Despite a difficult year for many other equity markets, New Zealand shares delivered a positive return for investors in 2018.

The local share market was more subdued following a strong June quarter. The S&P/NZX 50 Index still produced a helpful 4.6% over the third quarter to lift the index to 17.9% over the year.

Global markets posted healthy returns across asset classes in the second quarter of 2018 with equity markets in particular bouncing back from a difficult first quarter.