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22/11/2024
Bank
last updated on 2024-02-26 14:28:54
| Rating | |
| Fund name |
CONSERVATIVE FUND |
| Membership fee per annum |
0.00 |
| Fund performance 5 year |
2.18% |
| Number of members |
146642 |
| Date fund started |
2007-10-02 |
| Fund type |
Conservative |
| Estimated annual fees |
0.4% |
| NZ invested Assets |
39.47% |
| Total value of fund |
$3 390 029 515 |
| Data last updated |
2024-02-22 21:10:31 |
| Cash |
15% |
| Growth Assets |
20% |
| Bonds |
65% |
| Investments |
To provide modest total returns allowing for modest movements of value up and down. The number of years with negative returns are generally expected to be higher than the NZ Cash Fund but lower than the Moderate 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 Conservative Fund invests in income and growth assets with a target investment mix of 80% income assets and 20% growth assets. |
