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KiwiSaver total returns rebound in June quarter: Morningstar
['Andy Macdonald']
BusinessDesk | NZ breaking news and commentary on business, NZX and politics
Kernel's Dean Anderson sees KiwiSaver funds continuing to grapple with market volatility.
(Image: Supplied)KiwiSaver funds by Generate, MAS and SuperLife shone in total-returns terms for the June quarter, with these and the wider sector apparently casting off the March leg’s malaise even as volatility is expected to continue.Over the three-month period, Kōura Clean Energy was the best-performing KiwiSaver fund.Data from Morningstar showed that KiwiSaver total returns were overwhelmingly in positive territory for the June quarter, whereas in the March period global jitters saw them mostly in negative territory.
“Global markets staged a str...