New Zealand Retail Managed Funds rose NZ$1.2bn during December Quarter 2016

New Zealand Retail Managed Funds increased by a fairly moderate 1.6% during the December 2016 quarter to total NZ$78.9bn.  Over the whole of the past year they climbed yet another 12.0% after recording strong 15.4% and 18.0% rises previously in both 2015 and 2014.  

While underlying investment markets were modestly up over the whole of 2016 they also remain unpredictable at times; during the December quarter for example they were down slightly with an overall average investment return on Retail Funds of circa -0.2%.  Nikko (43.1%), Mercer (19.1%), Milford (18.1%), Booster (16.7%), Kiwi Wealth (16.2%), ASB (13.6%), Fisher (13.2%) and ANZ (12.0%) all reported double digit increases in their Retail funds under management.

Gross Inflows during 2016 of NZ$21.5bn, were up 9.5% building further on the strong 13.8%, 43.0% and 20.6% increases recorded in the previous three years.  There was the usual dip in reported Inflows growth during the December quarter which saw them down 5.5% due to KiwiSaver seasonality factors.  Year on year Nikko, Milford, Fisher, BNZ, ANZ, ASB and BT / Westpac all posted above average annual Inflow growth rates.

Source:  Strategic Insight (Plan For Life)

Download Media Release (PDF):  SI PFL Media Release NZ Retail 1216