Milford Asset Management, Fisher Funds maintain above average lead in aggressive camp; SuperLife hangs on to its advantage; Mercer default fund leads peers

Milford Asset Management, Fisher Funds maintain above average lead in aggressive camp; SuperLife hangs on to its advantage; Mercer default fund leads peers

Despite recent accusations of fee gouging and low returns, default providers, at least a handful of them, have been generating consistent returns since inception.

After fees, three-year returns (ending Sept.30, 2011) put Mercer, OnePath and Axa at the head of the class with their conservative funds delivering 6.3% per annum, 5.5% and 5.0 % respectively.

Among the aggressive funds, Milford Asset Management and Fisher Funds dominated with 3-year returns of 9.5%, 8.4% respectively per annum. Although the most recent year has been a bumpy one, gains from earlier years have helped smooth out the bumps.

Relative to their peers, conservative funds, have also put in a respectable performance largely due to exposure to fixed interest bonds in a falling interest rate environment. Among the top five ranked, the returns ranged from 6.9% to 4.9% per annum over three years. By comparison, growth funds ranged from 5.0% to 3.9%.

Across all category of funds, Mercer, OnePath and SuperLife were stands-out with multiple top place finishings.

The top 5 performers over 3 years in the multisector fund categories are given below.

To see a full list of funds, including single sector funds, and their performance rankings click here.

The returns are interest.co.nz's adjusted returns (i.e. after fees and expenses)  given on a per annum basis over the 1, 2 and 3 years to September 30 2011.

The number after the fund category is the total number of funds in that category.

Default (6)
3 yr
Rank
2 yr
Rank
1 yr
Rank
Mercer Conservative
6.3
1
5.1
2
3.0
3=
OnePath Conservative
5.5
2
5.6
1
4.4
1
AXA Income Plus
5.0
3
3.9
5
1.7
6
ASB Conservative
4.9
4
4.5
3
3.0
3=
Tower Cash Enhanced
4.4
5
4.3
4
3.4
2
 
 
 
 
 
 
 
Aggressive (21)
3 yr
Rank
2 yr
Rank
1 year
Rank
Milford
9.5
1
5.4
1
3.3
1
Fisher Funds Growth
8.4
2
2.9
7
-4.5
14
OnePath SIL Growth
2.5
3
3.7
2
0.2
3
OnePath Growth
2.3
4
3
6
1.8
2
Brook Professional Growth
2.2
5
0.1
14
-1.7
9
 
 
 
 
 
 
 
Growth (37)
3 yr
Rank
2 yr
Rank
1 yr
Rank
Aon OnePath Balanced
5.0
1
5.1
2
1.1
8
SuperLife AIM 60
4.1
2=
4.1
8=
-0.7
22
Westpac Balanced
4.1
2=
4.3
5=
2.5
1=
Mercer Balanced
4.0
4
3.8
13
1.0
9=
Mercer Super Trust Active Balanced
3.9
5
3.6
15
0.8
13
 
 
 
 
 
 
 
Balanced (18)
3 yr
Rank
2 yr
Rank
1 yr
Rank
Aon Russell Lifepoints Moderate
4.9
1=
6.0
1
1.4
7=
Mercer Super Trust Moderate
4.9
1=
3.9
9
1.4
7=
OnePath SIL Balanced
4.1
3
4.7
3
2.2
2
Onepath Balanced
4.0
4
4.4
4=
3.1
1
ASB Moderate
3.8
5
4.3
7
1.4
7=
 
 
 
 
 
 
 
Moderate (26)
3 yr
Rank
2 yr
rank
1 yr
Rank
SuperLife AIM First Home
7.3
1
7.4
1
5.6
1
Aon Russell Lifepoints Conservative
6.7
2
7.1
2
2.8
12=
SuperLife AIM 30
6.4
3
5.9
4
2.7
14=
Aon Russell Lifepoints 2015
5.6
4
6.5
3
2.0
20=
OnePath SIL Conservative
5.2
5=
5.4
5
3.8

4

 
 
 
 
 
 
 
Conservative (14)
3 yr
Rank
2 yr
Rank
1 yr
Rank
SuperLife The D Fund
6.9
1
6.7
1
4.2
3
Mercer Conservative
6.3
2
5.1
4
3.0
6=
OnePath Conservative
5.5
3
5.6
3
4.4
2
AXA Income Plus
5.0
4
3.9
7
1.7
12
ASB Conservative
4.9
5
4.5
5
3.0
6=

 

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