KiwiSaver growth and aggressive funds - those with more money invested in shares and property - have outstripped the performance of more conservative funds for the first time over three years, latest figures from Morningstar show.
The research company yesterday released its quarterly performance figures to March 31 showing the average performance across growth funds was 10.9 per cent per annum and 11.6 per cent per annum for aggressive funds compared to the average return of 7.2 per cent for conservative funds.
However over four years, conservative KiwiSaver funds remained the best performers.
The market size of KiwiSaver increased by $958 million to $11.26 billion over the quarter with OnePath remaining the largest provider managing $2.77 billion.
The best performer over the year to March 31 was the SIL KiwiSaver Australasian Property fund which was up 16.1 per cent.
