ASB KiwiSaver Scheme Returns to Investors
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Fund returns
The tables below show the ASB KiwiSaver Scheme returns to investors as at 31 December 2024. Click to expand.
Returns after tax and after fees
Assuming the highest Prescribed Investor Rate (PIR). The returns are calculated on the assumption that all foreign tax credits are fully utilised by the investor.
1 month | 3 months | 6 months | 1 year | 3 years (p.a.) | 5 years (p.a.) | 10 years (p.a.) | Since Inception (p.a.) | |
|---|---|---|---|---|---|---|---|---|
NZ Cash Fund | 0.26% | 0.83% | 1.89% | 3.91% | 3.09% | 1.98% | 1.82% | 2.17% |
Conservative Fund | 0.12% | 1.50% | 4.25% | 7.27% | 2.09% | 2.18% | 3.31% | 3.46% |
Moderate Fund | 0.27% | 2.45% | 5.59% | 10.11% | 2.80% | 3.19% | 4.50% | 4.06% |
Balanced Fund | 0.45% | 3.77% | 7.48% | 14.01% | 4.03% | 5.01% | 6.30% | 4.92% |
Growth Fund | 0.65% | 5.04% | 9.17% | 17.21% | 4.89% | 6.28% | 7.70% | 5.48% |
Aggressive Fund | 0.87% | 6.10% | 10.49% | 20.67% | 21.49% | |||
Positive Impact Fund | -1.48% | 0.74% | 3.99% | 6.87% | -2.46% | 2.55% | 2.50% |
Returns before tax and after fees
1 month | 3 months | 6 months | 1 year | 3 years (p.a.) | 5 years (p.a.) | 10 years (p.a.) | Since Inception (p.a.) | |
|---|---|---|---|---|---|---|---|---|
NZ Cash Fund | 0.37% | 1.16% | 2.64% | 5.47% | 4.32% | 2.76% | 2.54% | 3.05% |
Conservative Fund | 0.03% | 1.34% | 4.92% | 8.40% | 2.46% | 2.51% | 4.02% | 4.55% |
Moderate Fund | 0.12% | 2.14% | 6.08% | 11.08% | 3.22% | 3.58% | 5.27% | 5.19% |
Balanced Fund | 0.23% | 3.32% | 7.77% | 14.79% | 4.53% | 5.53% | 7.17% | 6.12% |
Growth Fund | 0.36% | 4.44% | 9.26% | 17.82% | 5.52% | 6.92% | 8.67% | 6.70% |
Aggressive Fund | 0.53% | 5.38% | 10.42% | 21.17% | 22.31% | |||
Positive Impact Fund | -1.48% | 0.87% | 4.77% | 7.87% | -2.29% | 2.99% | 2.97% |
Returns are a reflection of past performance and are not a guarantee or indication of future performance because returns fluctuate (move up and down). Returns can be negative and you may receive back less than the total amount of your contributions.
The Positive Impact Fund was wound up on 15 January 2025.
Market update
December Wrap Up - 2025 - More of the same?
2024 was one for the record books. It was the second year in a row that the United States S&P 500 share market gained more than 20%, the first time this has happened since 1998. It rang in a new president for the United States. Central banks all around the world, including our own, cut interest rates. And there was significant, almost unprecedented, divergence in markets and stock prices between the haves; the AI focussed stocks, and the have nots; pretty much everything else.
As you are enjoying a relaxing start to your year it's a good time to ponder what 2025 might hold. There will be a lot of predictions shared in newspapers and in the media. Spoiler alert: the more precise those predictions are, the more wrong they are likely to be. Investment success in 2025 will come from ensuring portfolios are well positioned for the broader economic themes that are likely to play out, and through old fashioned investment discipline; not chasing investment fashion, adding to your investments if possible, having patience and taking a genuine long-term approach. Read more in the December Wrap Up.
- Contributions were first invested into the funds on 2 October 2007 (except for the Positive Impact Fund and Aggressive Fund). Contributions were first invested into the Positive Impact Fund on 26 July 2019 and into the Aggressive Fund on 22 November 2023.
- The returns are calculated on the change in unit price of the units in each fund for the period, adjusted for tax credits, and are the returns on funds invested at the beginning of the period, with no subsequent contributions or withdrawals. Returns for periods greater than 1 year are annualised. Returns for periods less than 1 year are not annualised.
- Since 7 September 2012, the cash portion of each fund has been managed using an active investment management style. The returns in previous periods reflect an index tracking investment management style for cash.
- Prior to 1 April 2011, the management fee was calculated and incorporated into the unit price daily, and deducted from the relevant fund monthly. From 1 April 2011, the management fee has not been incorporated into the unit price or deducted from the fund, but deducted from members accounts monthly. In order to display returns pre and post 1 April 2011 on a comparable basis, the management fee has been factored back in to the returns for the periods from 1 April 2011.
- A monthly administration fee of $2.50 applied until 28 September 2021 and is excluded from the calculation of the returns disclosed.
Interests in the ASB KiwiSaver Scheme (Scheme) are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides Scheme administration and distribution services. No person guarantees interests in the Scheme. Interests in the Scheme are not deposits or other liabilities of ASB. They are subject to investment risk, including possible loss of income and principal invested. For more information see the ASB KiwiSaver Scheme Product Disclosure Statement available from this website and the register of offers of financial products at www.disclose-register.companiesoffice.govt.nz/ (search for ASB KiwiSaver Scheme).