We will examine AMP’s recent KiwiSaver performance using the most recent returns and fund update reports from 31 March 2023.
AMP Wealth Management was founded in the mid-1800s. They have a long history of providing financial solutions to individuals, families, and institutions. AMP is now a specialised provider of general insurance and KiwiSaver Scheme. Their goal is to help Kiwis to achieve a great retirement.
Table of Contents
News about AMP
Performance of AMP KiwiSaver Funds
AMP Conservative Fund
AMP Moderate Fund
AMP Moderate Balanced Fund
AMP Balanced Fund
AMP Growth Fund
AMP Aggressive Fund
News about AMP
As per recent news (Dec 2022), for more than three years, AMP has been actively working to reduce its carbon emissions, and now they are extending that commitment to its investment funds, including KiwiSaver. AMP has become the first KiwiSaver provider to formally join the internationally renowned Science base target initiative that helps large organizations to achieve their climate change target. Also, AMP has been recognized as a finalist for climate action by the Toitu Brighter Future Awards 2022.
Performance of AMP KiwiSaver Funds
|
3 Month |
1 year |
3 year |
5 year |
10 Year |
|
|
Conservative |
2.72% |
-2.68% |
1.00% |
1.75% |
3.08% |
|
Moderate |
3.18% |
-3.07% |
2.43% |
2.45% |
3.88% |
|
Moderate-Balance |
3.60% |
-3.78% |
3.57% |
2.98% |
4.48% |
|
Balanced |
4.04% |
-3.97% |
4.93% |
3.68% |
5.17% |
|
Growth |
4.74% |
-4.27% |
7.63% |
4.89% |
6.38% |
|
Aggressive |
4.99% |
-4.51% |
8.64% |
5.25% |
6.89% |
Sourced From AMP Fund Performance Report
These returns are to 31 March 2023 and are before tax and after fund management fees. Past performance is not necessarily an indicator of future performance, and return periods may differ.
Note: The following information is sourced from the AMP Quarterly Fund update, published on 3rd May 2023.
AMP Conservative Fund
AMP Conservative Fund aims to achieve modest to medium returns. It invests mainly in lower-risk income assets with a conservative allocation to growth assets. AMP Conservative Fund has a 3-month return of 2.72%, a 1-year return of -2.68%, and a 10-year return of 3.08%.
The following is sourced from AMP Conservative Fund Update
Returns
Fees
The total annual fees for investors in the AMP Conservative Fund are 0.86%.
Investment mix
The investment mix shows the types of assets that the fund invests in.
Top ten investments
This table shows AMP´s top 10 investments in the Conservative KiwiSaver Fund, which make up 18.61% of the fund.
AMP Moderate Fund
AMP Moderate Fund aims to achieve modest to medium returns. It invests mainly in lower-risk income assets with a moderate allocation to growth assets. AMP Moderate Fund has a 3-month return of 3.18%, a 1-year return of -3.07%, and a 10-year return of 3.88%.
The following is sourced from AMP Moderate Fund Update
Returns
Fees
The total annual fees for investors in the AMP Moderate Fund are 0.90%.
Investment mix
The investment mix shows the types of assets that the fund invests in.
Top ten investments
This table shows AMP´s top 10 investments in the Moderate KiwiSaver Fund, which make up 15.30% of the fund.
AMP Moderate Balanced Fund
AMP Moderate Balanced Fund aims to achieve medium returns. It invests mainly in growth assets that are almost identical to the allocation of lower-risk income assets. AMP Moderate Balanced Fund has a 3-month return of 3.60%, a 1-year return of -3.78%, and a 10-year return of 4.48%.
The following is sourced from AMP Moderate Balanced Fund Update
Returns
Fees
The total annual fees for investors in the AMP Moderate Balanced Fund are 0.92%.
Investment mix
The investment mix shows the types of assets that the fund invests in.
Top ten investments
This table shows AMP´s top 10 investments in the Moderate Balanced KiwiSaver Fund, which make up 13.36% of the fund.
AMP Balanced Fund
AMP Balanced Fund aims to achieve medium returns. It invests in a balance of risk through holding growth assets and an allocation to lower-risk income assets. AMP Balanced Fund has a 3-month return of 4.04%, a 1-year return of -3.97%, and a 10-year return of 5.17%.
The following is sourced from AMP Balanced Fund Update
Returns
Fees
The total annual fees for investors in the AMP Balanced Fund are 0.92%.
Investment mix
The investment mix shows the types of assets that the fund invests in.
Top ten investments
This table shows AMP´s top 10 investments in the Balanced KiwiSaver Fund, which make up 12.23% of the fund.
AMP Growth Fund
AMP Growth Fund aims to achieve medium to high returns. It invests mainly in growth assets diversified with a lower allocation to lower-risk income assets. AMP Growth Fund has a 3-month return of 4.74%, a 1-year return of -4.27%, and a 10-year return of 6.38%.
The following is sourced from AMP Growth Fund Update
Returns
Fees
The total annual fees for investors in the AMP Growth Fund are 0.93%.
Investment mix
The investment mix shows the types of assets that the fund invests in.
Top ten investments
This table shows AMP´s top 10 investments in the Growth KiwiSaver Fund, which make up 13.05% of the fund.
AMP Aggressive Fund
AMP Aggressive Fund aims to achieve high returns. It invests mainly in growth by holding growth assets with a low allocation to income assets. AMP Aggressive Fund has a 3-month return of 4.99%, a 1-year return of -4.51%, and a 10-year return of 6.89%.
The following is sourced from AMP Aggressive Fund Update
Returns
Fees
The total annual fees for investors in the AMP Aggressive Fund are 0.96%.
Investment mix
The investment mix shows the types of assets that the fund invests in.
Top ten investments
This table shows AMP´s top 10 investments in the Aggressive KiwiSaver Fund, which make up 14.65% of the fund.
Data for AMP KiwiSaver funds have been sourced from AMP KiwiSaver Funds. Past performance is not necessarily an indicator of future performance, and return periods may differ.
To see if AMP has the appropriate fund that aligns with your value, retirement goals, and situation, complete National Capital’s KiwiSaver HealthCheck.