How has the fund performed?
Performance as at 30 June 2026
Rate | |
|---|---|
3 months | 8.77% |
1 year | 14.08% |
3 years (p.a.) | 9.68% |
5 years (p.a.) | 5.08% |
10 years (p.a.) | 7.34% |
Since launch (p.a.) | 6.84% |
Performance is after the annual fund charge and before tax. KiwiSaver rates, fees and agreements.
What happened this quarter (three months to 30 June 2026)
The fund has a higher allocation to share markets, which had a strong quarter, rebounding from a challenging start of the year. The rebound was supported by a combination of resilient corporate earnings and a stabilisation in geopolitical tensions in the Middle East – although these remained an ongoing source of uncertainty.
In the US, the S&P 500 Index rose 15.2%, while the Nasdaq 100 Index gained 21.6%, supported by continued strength in technology and AI‑related stocks. European equity markets also moved higher, though performance was more mixed across the region. Meanwhile, Asian markets surged higher. Japan’s Nikkei 225 Index rose 37.4%, supported by strong corporate earnings and continued investor inflows, while South Korea’s KOSPI Index rose 67.7%, driven by strength in semiconductor and tech-related companies.
In New Zealand, the NZX 50 Index rose a more modest 5.5%. Business and consumer confidence remained weak, while ongoing inflation pressures continued to cloud the outlook for economic growth and monetary policy.
The fund also holds a modest allocation to bonds. Bond markets were volatile during the quarter, but they ultimately delivered positive returns, supported by the easing of tensions in the Middle East and the decline in oil prices.
New Zealand bond markets were among the strongest performers over the quarter, recovering from a challenging start to the year. The Reserve Bank of New Zealand (RBNZ) met twice during the period and left the Official Cash Rate (OCR) unchanged on both occasions. However, in early July the central bank lifted the OCR by 25 basis points.
Equity holdings were the primary driver of fund performance, with growth-related stocks performing especially well, while domestic and fixed interest exposures, though smaller, also made positive contributions.
Looking ahead, market volatility is likely to persist as geopolitical and inflation risks evolve. However, the fund remains well diversified and is designed to help manage risk while providing a more stable long-term investment experience.
For more information on investment markets
How the fund has performed over time
The fund aims to achieve (after the fund charge and before tax) over the long term moderate to high returns, allowing for moderate to large ups and downs in value.
The graph below shows the value of a $1,000 investment made at the time the fund launched.
Performance is after the annual fund charge and before tax. KiwiSaver rates, fees and agreements.
What does the fund invest in?
The fund invests mainly in growth assets (Australasian equities and International equities), with some exposure to income assets (cash and cash equivalents and fixed interest). The fund may also invest in alternative assets.
This graph shows the mix of assets that the fund generally intends to invest in.
See the fund's actual investment mix on page 3 of the fund update.
Choosing a fund
Apply to join the ANZ KiwiSaver Scheme
Important information
ANZ New Zealand Investments Limited (‘ANZ Investments’) is the issuer and manager of the ANZ KiwiSaver Scheme, the OneAnswer KiwiSaver Scheme and the ANZ Default KiwiSaver Scheme (no longer a default scheme and closed to new members). For the scheme guides and product disclosure statements see KiwiSaver documents and forms or ask at any ANZ branch.
This material is for information purposes only. Please talk to us if you need financial advice about your situation and goals or about our products and services. See our Financial advice provider disclosure statement (PDF 39.9KB).
Past performance does not indicate future performance. The actual performance any given investor realises will depend on many things, is not guaranteed and may be negative as well as positive.