NEWSFLASH KiwiSaver Funds Under Management at June 2015
/Main Points this Quarter
- Funds Under Management Up 3.7% from NZ$28.5bn to NZ$29.6bn
- Net Funds Flow $0.98bn in Latest Quarter
- Investment Earnings / Transfers $0.07bn.
New Zealand Retail Funds up $3.2bn during March Quarter 2015
/Overall Retail Managed Funds at the end of March totalled $62.6bn, jumping 20.6% over the past year.
Read MoreKiwiSaver FUM Up 7.7% to Mar-15
/KiwiSaver Funds Under Management Up 7.7% over quarter to NZ$28.5bn at March 2015.
New Zealand Retail Managed Funds climb $2.5bn during December Quarter 2014.
/New Zealand Retail Managed Funds grew by 4.3% during the December 2014 quarter to $59.4bn. Over the whole of the 2014 they jumped 17.8% propelled by significant fund flows into both of the two main Kiwi Saver and Unit Trusts & Managed Funds sub-markets as well as buoyant, if at times understandably somewhat nervous and wobbly, underlying investment markets that in turn were supported by the continued unprecedented stimulatory low interest rate policies of governments around the globe. Russell Investment Management (76.6%), Kiwi Wealth (58.4%), Milford Asset Management (52.7%), Grosvenor (24.0%), BT / Westpac (23.4%) and ASB Group Investments (20.6%) reported 20% plus percentage increases in their Retail funds under management.
