Our family's Kiwi saver accounts are all with Fisher Funds growth. Have received the yearly performance report and see even with the government and voluntary contributions from me they lost money YEM23 (-4 %). High fees and poor return.
When I compare growth funds with others over the last few years I'm wondering if it's time to switch.
I have been onto the FMA website to compare. What's a good site to compare returns and fees that you use?
Try sorted.org.nz for comparison. I'm with Milford Growth...Growth word been a bit of a misnomer but their reporting and coms are excellent and you can see they have been pretty defensively positioned carrying way more cash than normal against fund benchmark
On sorted site click on tools then smart investor function.
Came across the latest qtrly KiwiSaver performance report shareguy.
This gives you a good overview of performance over last few months out to 10 yrs and lists fees.
https://cdn.morningstar.com.au/mca/s/documents/KiwiSaverSurvey_March2023_final.pdf?_gl=1*dci6ic*_ga*MjAzODU1MzQ2NS4xNjcxMjMzMTE0*_ga_KRZFM2ZCPG*MTY4NDI2ODk2NS40NS4xLjE2ODQyNjk5MDMuMC4wLjA.
I gave Fisher the boot when they went virtuous. Told them so. They said they didn't care, so I guess that meant they are happy to lose money to look green.
Quote from: Perky on May 17, 2023, 08:55 AMCame across the latest qtrly KiwiSaver performance report shareguy.
This gives you a good overview of performance over last few months out to 10 yrs and lists fees.
https://cdn.morningstar.com.au/mca/s/documents/KiwiSaverSurvey_March2023_final.pdf?_gl=1*dci6ic*_ga*MjAzODU1MzQ2NS4xNjcxMjMzMTE0*_ga_KRZFM2ZCPG*MTY4NDI2ODk2NS40NS4xLjE2ODQyNjk5MDMuMC4wLjA.
Thanks for posting this. Fishers have done ok in 3 months to March. They have also announced getting rid of performance fees. Will review end of this year.
This is not good.
https://www.newshub.co.nz/home/money/2024/06/kiwisaver-provider-booster-slapped-with-civil-proceedings-by-financial-markets-authority.html
Fisher Funds performance has been poor compared to many others so I have finally transferred our family accounts to Milford's active growth fund. Very easy to do in just a few minutes. Should of done this long ago.