Our top ranking was against a pool of 25 competitors in the Growth category and 33 in the Balanced category. In line with our strategy these returns are a result of the funds our Pie KiwiSaver Scheme invests in doing well, that is the Fixed Income, Property and Infrastructure, Global Growth 2 and Australasian Growth 2 Funds.
Morningstar is a global investment research firm who quarterly produce a KiwiSaver industry summary report that captures all providers, their funds and those funds' returns. A copy of the report can be found here.
Our Pie KiwiSaver Growth Fund continues to perform well over both the short and long term, being number one over one year, and top quartile over five years. The fund has been in operation a little over that time.
As inflation falls and interest rates decline, certain market sectors thrive. This led us to launch our Fixed Income Fund and Property & Infrastructure Fund late last year, anticipating opportunities from falling rates. As this thesis plays out these funds, and the funds in our Pie KiwiSaver Scheme which invest into them, should continue to do well.
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Invest now Invest now * For the year ended 30 June 2024, as set out in Morningstar report dated/issued June 2024.
Information is current as at 21 August 2024. Pie Funds Management Limited is the manager and issuer of the funds in the Pie Funds Management Scheme and Pie KiwiSaver Scheme (Schemes). Any advice is given by Pie Funds Management Limited and is general only. Our advice relates only to the specific financial products mentioned and does not account for personal circumstances or financial goals. Please see a financial adviser for tailored advice. You may have to pay product or other fees, like brokerage, if you act on any advice. As manager of the Pie Funds Management Scheme investment funds, we receive fees determined by your balance and we benefit financially if you invest in our products. We manage this conflict of interest via an internal compliance framework designed to help us meet our duties to you. For information about how we can help you, our duties and complaint process and how disputes can be resolved, or to see the Schemes product disclosure statement, please visit www.piefunds.co.nz. Please let us know if you would like a hard copy of this disclosure information. Past performance is not a reliable indicator of future returns. Returns can be negative as well as positive and returns over different periods may vary.