26 Jan AMP KiwiSaver Scheme funds performing strongly
December performance results indicate the funds in the AMP KiwiSaver Scheme are performing strongly.
Compared to the average return on the average term deposit for 1 year offered by the major banks as at 23 January 2018 of 3.40%pa, the returns for some of our key funds were:
- 17.31%pa for the AMP Aggressive Fund
- 12.35%pa for the AMP Balanced Fund
- 6.90%pa for the AMP Conservative Fund
These returns are after management fees but before others fees and tax.
The above funds are doing well due to strong performance from international equities, Australasian equities and property.
You can view returns for all of the AMP KiwiSaver Scheme funds here.
AMP Wealth Management New Zealand Limited is the issuer and manager of the AMP KiwiSaver Scheme (the ‘Scheme’). TheSupervisor of the Scheme is The New Zealand Guardian Trust Company Limited.
Please note past returns are not indicative of future returns.
For more information, download a copy of the AMP KiwiSaver Scheme Product Disclosure Statement and Fund Update Booklet, which have been lodged on the Scheme’s offers register entry at https://www.companiesoffice.govt.nz/disclose.
The information included in this article is of a general nature and is not a substitute for financial or other professional advice. To the extent that the information constitutes advice, it is class advice only. Before taking any action, you should always seek financial advice or other professional advice relevant to your personal circumstances. For personal financial advice, we recommend you contact your adviser or if you don’t have an adviser, contact us on 0800 267 263 and we can put you in touch with one.
A disclosure statement is available from your adviser, on request and free of charge.