sharetrader
Page 8 of 12 FirstFirst ... 456789101112 LastLast
Results 71 to 80 of 111
  1. #71
    Member
    Join Date
    May 2014
    Posts
    204

    Default

    Quote Originally Posted by kiwico View Post
    Same here. I've moved to Simplicity from Milford - I will be interested in how the results (AFTER fees) compare. I might also move the children from ASB but it is a bit more hassle for minors and I'm not sure I won't everyone's KS in the same boat.
    gl with that lol.

    you know a % of milfords fees are performance based right??? - "high" fees because you get higher returns

  2. #72
    Senior Member
    Join Date
    Dec 2014
    Posts
    581

    Default

    Quote Originally Posted by alistar_mid View Post
    gl with that lol.

    you know a % of milfords fees are performance based right??? - "high" fees because you get higher returns
    The returns don't look that impressive though...

    https://milfordasset.com/performance/fund-performance/

  3. #73
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    6,435

    Default

    Quote Originally Posted by huxley View Post
    The returns don't look that impressive though...

    https://milfordasset.com/performance/fund-performance/
    well they are impressive according to Morningstar

    http://www.morningstar.com.au/s/docu...17Q1_Final.pdf

    I quote pg 1

    The bestperforming KiwiSaver Schemes since inception is MilfordKiwiSaver Active Growth.

    refer pg 6 where Milford Conservative is ranked 1st for the 1 year and 3 year categories
    refer pg 8 where Milford Balanced is ranked 1st for 1,3 and 5 year categories
    For clarity, nothing I say is advice....

  4. #74
    Senior Member
    Join Date
    Dec 2014
    Posts
    581

    Default

    Quote Originally Posted by peat View Post
    well they are impressive according to Morningstar

    http://www.morningstar.com.au/s/docu...17Q1_Final.pdf

    I quote pg 1

    The bestperforming KiwiSaver Schemes since inception is MilfordKiwiSaver Active Growth.

    refer pg 6 where Milford Conservative is ranked 1st for the 1 year and 3 year categories
    refer pg 8 where Milford Balanced is ranked 1st for 1,3 and 5 year categories
    https://superlife.co.nz/superlife-s-...rmance-surveys

    I suspect you already know this..

  5. #75
    Member
    Join Date
    Jun 2015
    Posts
    47

    Default

    Paying Milford 1.08% mgmt fee plus performance fees for the Active Growth fund when their biggest investment excluding their cash balance of 17% is a Vanguard fund - Vanguard International Shares Select Exclusions Index Fund (Unhedged).

  6. #76
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    6,435

    Default

    Quote Originally Posted by huxley View Post
    actually I didnt know that. So thank you for the information
    I'm not sure that I blithely accept their stated reasoning for non participation in a market survey. I will think about this more....
    For clarity, nothing I say is advice....

  7. #77
    Member
    Join Date
    May 2014
    Posts
    204

    Default

    Quote Originally Posted by peat View Post
    actually I didnt know that. So thank you for the information
    I'm not sure that I blithely accept their stated reasoning for non participation in a market survey. I will think about this more....
    the last 3 reasons are somewhat valid, but this one

    "
    1. As a rule we treat active participation in surveys like any SuperLife advertisement. Under the Act where we publish an advert we need to certify that the ad (in this case the survey) is not misleading. With external surveys, we cannot do that, as we believe that some other provider returns are not always accurate and where they are accurate the different strategies adopted make them not always comparable. We therefore think that if we actively participated and actively supplied our data, we would be guilty of breaching the spirit of the Act. While technically we may not have breached the Act, we prefer to set a higher standard than the bare legislative minimum.
      "

    "the spirit of the act" lmao.....

  8. #78
    IMO
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    9,695

  9. #79
    Senior Member
    Join Date
    Nov 2018
    Location
    Christchurch
    Posts
    1,063

    Default

    Quote Originally Posted by Joshuatree View Post
    I have a problem with such reports. They don't tell the net after mgt / admin fees % returns and also don't tell the 'cumulative' returns for those funds ; especially since inception. Again I will wave the Warren Buffet flag. These funds will not beat the index return in the long long term because like at the casino, the odds are against them. Those that do beat the odds are just lucky in the short term.

  10. #80
    Member
    Join Date
    Jan 2014
    Posts
    480

    Default

    Quote Originally Posted by SBQ View Post
    I have a problem with such reports. They don't tell the net after mgt / admin fees % returns and also don't tell the 'cumulative' returns for those funds ; especially since inception. Again I will wave the Warren Buffet flag. These funds will not beat the index return in the long long term because like at the casino, the odds are against them. Those that do beat the odds are just lucky in the short term.
    The total returns are after fees and before tax, so the fees are accounted for. I largely agree with your active/passive stance, but do be aware that at least some of the options presented are in fact passive funds, such as simplicity who I have my kiwi saver with. I expect to match the index minus the 0.3% fees, which is low in an NZ context but I admit still high internationally. Hopefully fees will continue to fall with increasing scale.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •