New Zealand Retail Managed Funds Rise NZ$5.4bn during December Quarter 2021

New Zealand Retail Managed Funds rose 3.7% in the December quarter; over the whole of 2021 they were up 15.3% to NZ$149.7bn with continued strong investment earnings responsible for more than half this growth. Most global markets have since declined from their year end highs and more importantly remain vulnerable to any long overdue sustained bear market as governments grapple with reining in newly reignited inflation problems caused by the many years of "loose/cheap" monetary policy.

Most companies reported increases in their Retail funds under management led in percentage terms by Milford (51.1%), Booster (38.6%), BNZ (31.3%), Kiwi Wealth (27.1%) and Fisher (19.6%). Market leaders ANZ (9.1%) and ASB (9.1%) along with Mercer (12.5%) also saw significant increases but BT / Westpac (1.1%) and AMP (-1.2%) finished fairly flat.

Meanwhile Gross Inflows during 2021 of NZ$40.1bn finished up just 1.9% despite increasing 15.0% in the December quarter. Simplicity, Booster, BNZ, Kiwi Wealth and Milford all reported very substantial jumps in their annual Inflows offset by some falls recorded by AMP, ANZ, ASB and BT/Westpac.

Source: Plan For Life

Download Media Release: PFL Media Release - New Zealand Dec21