skip to log on skip to main content
VoiceOver users please use the tab key when navigating expanded menus

ANZ KiwiSaver Scheme Cash Fund

Fund report as at 31 December 2020

How has the fund performed?

Performance as at 31 December 2020

3 months 1 year 3 years (pa) 5 years (pa) Since launch
0.14% 1.13% 1.79% 2.02% 2.72%


Performance is after the annual fund charge, and before tax and membership fees (if applicable). For more information, see legal information and disclaimers.

What happened this quarter (3 months to 31 December 2020)

  • Given the relatively upbeat quarter for financial markets, cash underperformed over the quarter. 
  • The improving economy in New Zealand was best seen in economic data that, for the most part, beat expectations. GDP figures for the third quarter showed the economy had a strong recovery out of the recession, with growth rising 14% quarter-on-quarter. Meanwhile, the unemployment rate rose to 5.3%, which was marginally better than most forecasts, and retail sales data showed a whopping 28% rise from the previous quarter, comfortably beating expectations.
  • In central bank news, the Reserve Bank of New Zealand held the Official Cash Rate at 0.25% at its November meeting, but did announce its Funding for Lending Programme, where it will provide banks with cheap funding in an attempt to spur economic growth through cheap lending to businesses and individuals.

Read our Market Review for more information on investment markets.

What does the fund invest in?

The fund invests mainly in cash and cash equivalents. These may include investments issued by New Zealand-registered banks, the New Zealand Government, corporations or local authorities, or non-New Zealand governments.

This chart 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.

See the fund's full portfolio holdings.

ANZ New Zealand Investments Limited is the issuer and manager of the ANZ KiwiSaver Scheme. Important information is available under terms & conditions. Download the guide and product disclosure statement.

This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 736 034, or for more information about ANZ’s financial advice service or to view our financial advice provider disclosure statement see