Share Fund returns better than the average

TWO million New Zealanders are now in KiwiSaver. As part of the ongoing effort to build awareness about how your retirement savings are invested, Your Money profiles one KiwiSaver scheme each week.

This week we look at ANZ’s OneAnswer International Share Fund. Overview: OneAnswer International Share Fund was previously known as the SIL KiwiSaver International Share Fund but was rebranded by fund provider ANZ in September. It is a growth fund invested predominantly in shares with a small cash holding of 1.3 per cent. The fund, as its name indicates, holds its shares (98.7 per cent) in international markets. Investments in share assets are considered to be more risky than investments in cash and fixed interest assets. Fund size: $21.53m as at August 31, 2013. Total return over 1 year*: 22.99 per cent as at August 31 versus an average for KiwiSaver funds of 19.96 per cent. Total return over 3 years*: 11.35 per cent per annum, compared with an average of 9.54 per cent for other KiwiSaver moderate balanced funds. Unit price: 1.1308 Fees: $36 a year plus 1.65 per cent of fund balance. *After fees but before tax

KiwiSaver spotlight was written by Rebecca Stevenson using information from FundSource and the KiwiSaver provider. The information is considered general in nature. Please consult a professional adviser before any investment decisions.