ANZ KiwiSaver Scheme Cash Fund

Fund report as at 31 March 2022

How has the fund performed?

Performance as at 31 March 2022

Rate

3 months

0.18%

1 year

0.59%

3 years (p.a.)

1.09%

5 years (p.a.)

1.57%

Since launch

2.53%

Performance is after the annual fund charge, and before tax and membership fees (if applicable). 

What happened this quarter (three months to 31 March 2022)

  • It was a turbulent first quarter for financial markets. Against a backdrop of rising volatility and uncertainty, defensive assets such as cash, outperformed, which saw the Cash Fund deliver a positive return over the quarter.
  • In the US, the Federal Reserve raised the fed funds rate for the first time since 2018, and signalled more rate hikes would come, while in New Zealand, the Reserve Bank of New Zealand (RBNZ) raised the Official Cash Rate by 25 basis points.
  • The Cash Fund is a low-risk fund and is there to preserve capital for investors. As of 31 March, around 50% of its holdings were term deposits. Since the pandemic lows, the RBNZ has raised interest rates to combat rising inflation, which has pushed both mortgage and term deposit rates higher.

Need more information?

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 - 100% cash and cash equivalents.

Pie graph, text description in content

See the fund's actual investment mix on page 3 of the fund update.


Important information

ANZ New Zealand Investments Limited is the issuer and manager of the ANZ KiwiSaver Scheme. Important information is available under terms and 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 anz.co.nz/fapdisclosure