The struggles facing the KiwiSaver market as it approaches $100 billion
Description
In 16 years, the value of KiwiSaver has hit a staggering $96.2 billion dollars. While that sizeable nest egg is good news for savers longer term, recent KiwiSaver balances have made for some tough viewing.
In the last three months, the total value of KiwiSaver has slipped by $1.3 billion as many funds booked negative returns.
Global instability, a tough equity market and volatility in international stock prices have all placed downward pressure on fund balances.
So why are these funds struggling so much? Which are the worst performers? And should Kiwis change their investment strategy amid all the current uncertainty?
Today on The Front Page, Madison Reidy, NZ Herald business journalist and host of Markets with Madison, offers insight into the KiwiSaver market.
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