NZ$6.6bn Growth in New Zealand Retail Managed Funds during June Quarter 2021

Retail Managed Funds increased by 5.0% in the June quarter to NZ$139.6bn while jumping 17.6% over the whole of 2020/21. Over three quarters of this growth was due to strong investment earnings in the wake of 2020's corona virus correction with markets continuing to power ahead at date of publication.

KiwiSaver were up by almost a quarter or 24.4%. Meanwhile all the other sub-markets also finished higher with Unit Trusts & Managed Funds up 8.6%, Other Super up 6.8% and Investment Bonds up 5.3%. All leading companies reported increases in funds under management with the highest percentage growth rates recorded by Milford (56.2%), Booster (35.4%), Fisher (32.9%), BNZ (26.7%), Mercer (26.2%) and Kiwi Wealth (25.7%).

Gross reported annual Inflows to June were NZ$37.2bn which was little changed year on year, down by a marginal 0.1% despite jumping 21.7% during the latest quarter. While Mercer, Milford, Fisher and Simplicity all reported substantially higher Inflows they were offset by some double digit percentage falls experienced by market leaders ANZ, ASB and BT / Westpac.

Source: Plan For Life

Download Media Release: PFL Media Release - New Zealand Jun21