KiwiSaver: having your eggs in more than one basket

By Linda Sanders In Money

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14th July, 2012
Two readers commented on my June 16 column on KiwiSaver. Grant Bulley writes: KiwiSaver contributions are only a relatively small component of the overall capital value of your KiwiSaver account; that is, what is happening to the funds you put your hard earned money in? To the end of May, the Fisher Funds “balanced strategy fund” had only returned 5.8% before tax since 2009. In other words, any capital you had after tax and infl ation erosion of about 8% in three years leaves you in firm negative territory, with your KiwiSaver sum worth less ...

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