New Zealand Retail Managed Funds grow by NZ$4.5bn during September Quarter 2021

Overall Retail Managed Funds at the end of September totalled NZ$144.0bn, increasing 17.3% over the past year. There were significant net fund flows into KiwiSaver and Unit Trusts but the other two markets saw net outflows. The average overall annual investment return on funds was a strong 11.3%.

All leading companies were up with in particular 20% plus jumps in funds reported by Milford (60.2%), Booster (32.9%), Fisher (31.3%), BNZ (23.8%), Mercer (22.8%) and Kiwi Wealth (21.5%). Market leaders ANZ (11.2%) and ASB (11.5%) also both finished higher.

Gross Inflows rose slightly by 2.8% over the past twelve months to total NZ$10.2bn. Some very big percentage Inflow jumps were recorded by Mercer (135.2%), Milford (50.2%) and Fisher (34.6%) but these were largely offset by falls reported by AMP (-22.3%), ASB (-17.0%), BT / Westpac (-16.8%) and ANZ (-16.1%).

Source: Plan For Life

Download Media Release: PFL Media Release - New Zealand Sep21