How has the fund performed?
Performance as at 30 June 2026
Rate | |
|---|---|
3 months | 0.74% |
1 year | 3.09% |
3 years (p.a.) | 4.61% |
5 years (p.a.) | 3.75% |
10 years (p.a.) | 2.78% |
Since launch (p.a.) | 3.25% |
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)
Financial markets recovered from the volatility experienced earlier in the year, with easing tensions in the Middle East helping to restore confidence across global markets. While equity and bond markets delivered positive returns, cash continued to provide a stable source of income and liquidity throughout the quarter.
In New Zealand, economic conditions remained challenging. Inflation remained above the Reserve Bank of New Zealand's target range, while consumer confidence stayed subdued. However, business confidence improved noticeably towards quarter end. The Reserve Bank left the Official Cash Rate unchanged at 2.25% throughout the quarter while maintaining a cautious stance on the inflation outlook.
New Zealand and global bond markets performed well over the quarter as concerns around inflation eased and oil prices fell sharply. In this environment, cash continued to provide a steady source of income and liquidity, while maintaining its low-risk characteristics.
The ANZ Wholesale Cash Fund is a low-risk fund focused on preserving capital while providing stable returns. The portfolio invests primarily in bank deposits, floating-rate notes and other high-quality short-term securities. This approach helps provide liquidity, minimise volatility and take advantage of attractive short-term interest rates when opportunities arise.
Overall, the fund remained well positioned throughout the quarter, continuing to prioritise capital protection, liquidity and steady returns for investors.
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 – 100% cash and cash equivalents.
See the fund's actual investment mix on page 3 of the fund update.
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.