Best Performing KiwiSaver Funds in New Zealand - June Quarter 2024

Top Diversified KiwiSaver Funds in June 2024 by Category

Growth Funds

1. Booster Geared Growth Fund

   • Return: 16.6%

   • Fund Type: Growth

   • Overview: The Booster Geared Growth Fund has capitalised on the recovery in global equities, particularly in the technology and healthcare sectors. This fund uses gearing to enhance returns, which has paid off significantly in this quarter, making it a standout performer in the growth category.
     

2. PIE Growth Fund

   • Return: 14.9%

   • Fund Type: Growth

   • Overview: PIE’s Growth Fund has benefited from active management and a diversified portfolio that spans both local and international markets. Its strong allocation to high-performing tech stocks and strategic adjustments during the quarter have resulted in impressive returns.

3. Generate Growth Fund

   • Return: 14.2%

   • Fund Type: Growth

   • Overview: Generate Growth Fund continues to offer a robust balance between risk and reward. The fund’s diversified approach, focusing on both equities and fixed-income investments, has yielded solid returns, appealing to moderate-risk investors looking for consistent performance.

Balanced Funds

1. PIE Balanced Fund

   • Return: 13.1%

   • Fund Type: Balanced

   • Overview: PIE Balanced Fund has emerged as a top performer in the balanced category, thanks to its prudent mix of growth and income assets. The fund’s strategic focus on high-growth sectors while maintaining a solid base of income-generating investments has paid off well this quarter.

2. QuayStreet Socially Responsible Balanced Fund

   • Return: 12.8%

   • Fund Type: Balanced

   • Overview: The QuayStreet Socially Responsible Balanced Fund stands out for its commitment to ethical investing. By focusing on companies with strong environmental, social, and governance (ESG) practices, this fund has attracted investors looking for both strong returns and responsible investment options.

3. QuayStreet Balanced Fund

   • Return: 12.0%

   • Fund Type: Balanced

   • Overview: QuayStreet Balanced Fund has demonstrated consistent performance through careful asset allocation and active management. Its diversified portfolio, which includes a mix of equities, bonds, and other assets, has provided a balanced return in line with its risk profile.
     
     

Conservative Funds

1. Fisher Funds Plan Default Conservative

   • Return: 7.7%

   • Fund Type: Default Conservative

   • Overview: Fisher Funds Plan Default Conservative Fund has delivered steady returns by focusing on low-risk assets such as government bonds and high-grade corporate debt. Its conservative strategy has proven effective in maintaining stability and modest growth, appealing to risk-averse investors.

2. Generate Conservative Fund

   • Return: 7.4%

   • Fund Type: Conservative

   • Overview: Generate Conservative Fund has maintained a stable return profile, largely due to its emphasis on income-generating assets like bonds and cash equivalents. This fund is well-suited for investors seeking capital preservation with some level of return.

3. QuayStreet Conservative Fund

   • Return: 7.4%

   • Fund Type: Conservative

   • Overview: The QuayStreet Conservative Fund has performed well in a low-yield environment by focusing on a blend of fixed-income securities. Its conservative approach, coupled with selective exposure to low-volatility equities, has ensured consistent returns.
     
     

Factors Driving Performance

Several factors have contributed to the performance of these top KiwiSaver funds in the June 2024 quarter:

• Sector Rotation: The rotation into sectors like technology and healthcare has driven growth in the top-performing funds, especially those with a higher allocation to these areas.

• Active Management: Funds that employ active management strategies have been able to swiftly adapt to changing market conditions, making timely adjustments to their portfolios, which has resulted in better performance.

• Market Recovery: The continued recovery in global markets, particularly in developed economies, has provided a favourable backdrop for growth-oriented funds.
  
  

Why Performance Matters

Choosing a high-performing KiwiSaver fund is crucial for long-term financial growth and retirement planning. Regularly reviewing and understanding fund performance helps investors make informed decisions, ensuring their investments are aligned with their financial goals.

Conclusion

As we move into the second half of 2024, keeping an eye on the best-performing KiwiSaver funds can provide valuable insights into market trends and investment opportunities. Whether you are a growth-oriented investor or prefer a balanced approach, staying informed about fund performance is key to maximising your KiwiSaver returns.

For more personalised advice and to discuss which KiwiSaver fund might be the best fit for your financial situation, please complete our 2-minute KiwiSaver Questionnaire. Our KiwiSaver advice experts are here to help you navigate the complexities of investing and achieve your financial goals.