Using the most recent returns and fund update reports, we will examine Summer’s recent KiwiSaver Performance.
Summer KiwiSaver provider, managed by Forsyth Barr, is a New Zealand-owned fund with a reputable history of over 80 years, dedicated to helping New Zealanders achieve their investment objectives. Backed by one of New Zealand’s leading teams of analysts and global affiliations, Forsyth Barr prioritizes research to provide comprehensive coverage of major investment markets. The name ‘Summer’ reflects a season associated with relaxation, family time, and the rewards of hard work, encapsulating the spirit of enjoying the fruits of one’s labour.
Table of Contents
Performance of Summer KiwiSaver Funds
News about Summer
According to the team at Summer, Market returns in July remained strong, coming from growth assets supported by enduring high employment and declining inflation numbers around the globe. Globally, the US economy looks stronger than Europe, whilst the Chinese government is introducing yet more stimulus to hit economic growth targets. Summer Growth selection delivered a return of 1.71% during July and for the 12 months to the end of July the fund delivered a return of 8.04%.
Relative to the market index, NZ Equities and NZ Fixed Interest portfolios outperformed their respective component indices, whilst Australian and Global equity portfolios, along with the Listed Property portfolio, underperformed their market indices.
Performance of Summer KiwiSaver Funds
|
1-Year |
3-Year |
Since Inception |
|
|
Cash |
2.86% |
1.13% |
0.99% |
|
Conservative |
2.41% |
0.73% |
1.89% |
|
Balanced |
4.64% |
2.61% |
4.88% |
|
Growth |
7.08% |
4.50% |
4.97% |
Sourced from Summer fund performance report
* These returns are to 31 July 2023 and are before tax and after fund management fees. Past performance does not necessarily indicate future performance and return periods may differ.
The following fund returns and unit price as of 30 June 2023 at a 28% Prescribed Investor Rate. Note: The following information is sourced from Summer Quarterly Fund updates published on the Date published publicly, 28 July 2023.
Summer Cash Fund
Summer Cash Fund invests in cash, selected cash equivalents and selected short-term New Zealand fixed-interest assets. They aim to achieve competitive returns compared to money held on call. These kinds of investments will typically have lower returns and low volatility levels.
*The following is Sourced from Summer Cash Fund Update
Return
Fees
The total annual fees for investors in the Summer Cash Fund are 0.50% per year
Investment Mix
Top ten investments
The top 10 investments make up 65.87% of the fund.
Summer Conservative Fund
The Conservative Fund aims to provide long-term returns by choosing a greater exposure to cash and fixed-interest investments and less exposure to equity and property investments. Investors can expect low to moderate levels of movement up and down in value and to receive longer-term returns that are lower than those of Summer Balanced Selection.
*The following is Sourced from Summer Conservative Fund Update
Returns
Fees
The total annual fees for investors in the Summer Conservative Fund are 0.75% per year.
Investment mix
The investment mix shows the type of assets that the fund invests in.
Top ten investments
This table shows Summer’s top 10 investments in the Conservative KiwiSaver Fund, which comprise 42.39% of the fund.
Summer Balanced Fund
The Balanced Fund aims to achieve positive long-term returns by choosing a mix of cash, fixed interest, equity and property investments. Investors can expect moderate to high levels of movement up and down in value and to receive longer-term returns that are higher than those of the Summer Conservative Selection but lower than those of the Summer Growth Selection.
*The following is Sourced from Summer Balanced Fund Update
Returns
Fees
The total annual fees for investors in the Summer Balanced Fund are 0.90% per year.
Investment mix
The investment mix shows the type of assets that the fund invests in.
Top ten investments
This table shows Summer’s top 10 investments in the Balanced KiwiSaver Fund, which comprise 32.89% of the fund.
Summer Growth Fund
The Growth Fund aims to achieve positive long-term returns by choosing a lesser exposure to cash and fixed interest investments and greater exposure to equity and property investments. Investors can expect moderate to high levels of movement up and down in value and receive longer-term returns that are higher than those of Summer Balanced Selection.
*The following is Sourced from Summer Growth Fund Update
Returns
Fees
The total annual fees for investors in the Summer Growth Fund are 0.90% per year.
Investment mix
The investment mix shows the type of assets that the fund invests in.
Top ten investments
This table shows Summer’s top 10 investments in the Growth KiwiSaver Fund, which comprise 30.10% of the fund.
Data for Summer KiwiSaver funds have been sourced from Summer KiwiSaver Funds. Past performance does not necessarily indicate future performance and return periods may differ.
To see if Summer has the appropriate fund that aligns with your values, retirement goals and situation, complete National Capital’s KiwiSaver Healthcheck.