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The graphs below look at performance of an average Kiwi Wealth growth portfolio. We’ve used growth portfolios for this purpose, but you can also view historical performances of our balanced and income portfolios by year here.

Return on growth portfolios

 total-returns-on-pps-growth-portfolios

The above graph shows a $1,000 investment in an average growth portfolio from 2002 onwards, over the last seventeen years, has compounded to NZ $2,797.

Over this particular period that’s an average return – after fees, brokerage and tax – of 6.6% per annum compared to the relevant benchmark return of 3.7% per annum.  

Graph notes:

  • Growth portfolio average: For the period 2002 to 2015, growth is defined as portfolios having more than 65% in growth investments, i.e. less than 35% of funds mandated to fixed interest. From 2016 onwards, the growth portfolio average is based on a simple weighted average of 75% Kiwi Wealth Growth Fund (Growth PIE) returns and 25% Kiwi Wealth Fixed Interest Fund (Fixed Interest PIE) returns.
  • Average growth benchmark: For the period 2002 to 2015, the benchmark we show here was based on an average of each Kiwi Wealth client, based on their particular portfolio mandate. From 2016 onwards, the average growth benchmark is based on a simple weighted average of 75% of the Growth PIE benchmark and 25 % of the Fixed Interest PIE benchmark.

*Further details on calculations shown are available on request from Kiwi Wealth.

Calendar year returns

The next graph gives the year-by-year performance of the growth portfolios in contrast with the benchmark’s performance. Our out-performance has resulted as much from minimising damage in the ‘down’ years as it is has from out-performing in the ‘up’ years. That was especially evident during the 2007-2009 global financial crisis.

calendar-year-returns-on-pps-growth

As the graph above illustrates, over the past sixteen years our growth portfolios have out-performed the benchmark for thirteen of them.

See our annual investment performance for more information on individual asset classes and for balanced portfolio and income portfolio returns.

See the graph notes above that also apply to the calendar year returns.

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