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
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
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
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).
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....
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
"
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.
"
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.
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.
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