Published 2 August 2021

Morningstar’s quarterly KiwiSaver Survey is designed to help New Zealand investors assess the past performance and other key characteristics of their KiwiSaver superannuation options.

The accompanying tables show KiwiSaver fund returns for the three months, one, three, five and ten years to 30 June 2021. We recognise and agree with the FMA’s recent guidance to KiwiSaver providers on the inappropriateness of marketing shorter term time periods, like 12 month returns, as a means of attracting new prospective investors.

Our KiwiSaver Survey provides a factual overview of what has been achieved to date, and as we have repeatedly reiterated every time we publish our quarterly KiwiSaver Survey, “it is most appropriate to evaluate performance of a KiwiSaver scheme by studying its long-term returns”.

Reads the full report (PDF)