Performance update, April 2020
In April, global investment markets continued to be dampened by the ongoing impacts of Covid-19. However, we did start to see a partial bounce back from the drops in March, which is good news for most KiwiSaver members.
As market sentiment improved, driven by the ongoing economic relief provided by governments both in New Zealand and overseas (such as wage subsidies), investors bought more shares and the value of share markets increased – with global share returns improving 6.6% and New Zealand shares going up 7.5% for the month.
Many KiwiSaver members are exposed to shares through their KiwiSaver account so these increases should be positively reflected in KiwiSaver balances.
While there are some promising signs of partial recovery, we can expect the market ups and downs to continue for some time. It’s helpful to remember that KiwiSaver is an investment, and market movements are a normal part of investing.
It’s important to keep your financial goals in mind when you’re thinking about investments and your KiwiSaver. That’s why making sure you’re in a suitable fund is important, and if you are, hang in there, as for most customers KiwiSaver is a long-term investment and unless your individual circumstances have changed it’s generally not the best time to make hasty decisions.
If you can continue to make regular contributions to your KiwiSaver account, you’re now buying investments at a cheaper price than they were at the start of the year. So when the markets start to go up, your balance will recover as well.
If you’re not contributing right now, that’s ok too. One of the benefits of being with a full-service provider like AMP Wealth Management Limited is that we have a team of experienced advisers who can help you make sense of what’s going on. We can also talk to you about getting a plan in place to help you get on track with your KiwiSaver – we’re here to help.
You can view returns for the AMP KiwiSaver Scheme here.
You can view returns for the NZ Retirement Trust here.
The information included in this article is of a general nature and is not a substitute for financial or other professional advice. To the extent that the information constitutes advice, it is class advice only. Before taking any action, you should always seek financial advice or other professional advice relevant to your personal circumstances. For personal financial advice, we recommend you contact your Adviser or if you don't have an Adviser, contact us on 0800 267 263 and we can put you in touch with one.
AMP KiwiSaver Scheme
AMP Wealth Management New Zealand Limited is the issuer and manager of the AMP KiwiSaver Scheme (the 'Scheme'). The Supervisor of the Scheme is The New Zealand Guardian Trust Company Limited.
For more information, download a copy of the AMP KiwiSaver Scheme Product Disclosure Statement and Fund Update Booklet, which have been lodged on the Scheme's offers register entry at companiesoffice.govt.nz/disclose.
A disclosure statement is available from your Adviser, on request and free of charge.
New Zealand Retirement Trust
For more information, download a copy of the NZRT Product Disclosure Statement (Workplace or Personal sections) and Fund Update Booklet. AMP Wealth Management New Zealand Limited is the issuer and manager of the New Zealand Retirement Trust. The Supervisor of the Scheme is the New Zealand Guardian Trust Company Limited.
While care has been taken to supply information on this website that is accurate, no entity or person gives any warranty of reliability or accuracy, or accepts any responsibility arising in any way including from any error or omission.