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19 Apr 2024 11:48
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      Home > News > Business

    Economic uncertainty is hitting our KiwiSaver balances

    Economic uncertainty is hitting our KiwiSaver balances


    New figures from investment research firm Morningstar suggest about five billion dollars has been wiped from the value of funds in the past three months.

    It follows a 10.2 percent fall in New Zealand's sharemarket and even greater falls in international markets.

    The smallest falls were for conservative funds which saw an average drop of 4.2 percent.

    Balanced funds fell by an average of 7.1-percent, while growth funds decreased by an average of nine-percent.

    © 2024 Newstalk ZB, NZCity

     Other Business News
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     19 Apr: Households will need to keep spending tight for another year yet
     19 Apr: Experts are forecasting more financial pressure for households, continuing into late next year
     18 Apr: The Reserve Bank may have to make some unpopular decisions
     17 Apr: Taylor Swift may get a tiny bit of the blame, for inflation and interest rates staying higher longer
     17 Apr: Inflation is slowing, but many New Zealanders are still getting poorer
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     Business:
    Criticism of efforts to help lower income people get some rates relief 10:47

     Entertainment:
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     Rugby League:
    NRL Thursday blog: Melbourne survive Cameron Munster sin-bin to outlast Roosters in error-strewn clash 10:27

     Living & Travel:
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