Originally Posted by
macduffy
To illustrate. AMP's outflow of funds in the Sept quarter increased to $1.485billion compared to $243million in the same quarter last year.
Recent study showed that they were the worst performing fund managers for KiwiSaver - but above average fees!
https://www.nzherald.co.nz/business/...ectid=12151576
At the other end of the scale, AMP has been one of the worst performing providers. Over a 10-year horizon it generated the lowest annual returns among conservative, moderate, balanced, growth, and aggressive classes. In all but the conservative option, its fees were above average.
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