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22/11/2024
Bank
last updated on 2024-02-26 14:28:55
| Rating | |
| Fund name |
BALANCED FUND |
| Membership fee per annum |
0.00 |
| Fund performance 5 year |
5.34% |
| Number of members |
90618 |
| Date fund started |
2007-10-02 |
| Fund type |
Balanced |
| Estimated annual fees |
0.65% |
| NZ invested Assets |
42.66% |
| Total value of fund |
$3 258 841 366 |
| Data last updated |
2024-02-22 21:10:31 |
| Cash |
3% |
| Growth Assets |
60% |
| Bonds |
37% |
| Investments |
To provide moderate to high total returns allowing for moderate to high movements of value up and down. The number of years with negative returns are generally expected to be higher than the Moderate Fund but lower than the Growth Fund in the ASB KiwiSaver Scheme. We manage asset allocation and currency hedging over the medium to long term relative to the target investment mix. We focus on cost effective management. The Balanced Fund invests in income and growth assets with a target investment mix of 40% income assets and 60% growth assets. |
