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AMP KiwiSaver Scheme performance update – July

Markets in July performed well

Global market performance continued to fluctuate over the month of July, however growth in most asset class returns such as bonds and shares has seen the AMP KiwiSaver Scheme funds continue to perform well.

In the US, positive economic data lead to a rise of 3.1% in returns on shares. Emerging and Asian markets recovered slightly through the month, despite the ongoing trade tensions between the US and China. By contrast Australian shares reported moderate performance, rising 1.4%, while New Zealand shares slipped 0.2% after a strong year-to-date performance.

Global and property and infrastructure were also strong in July, both returning 2%.

Global government bond yields were mixed, with US bonds ending the month relatively flat.

The NZ dollar stabilised with a 0.6% gain against most major currencies as the domestic economy showed signs of slowing down mildly.

Compared to the average return on the average term deposit for 1 year of 3.32% (offered by the major banks as at 7 July 2017), the returns for some of our key funds were:

  • 11.75% pa for the AMP Growth Fund
  • 9.06% pa for the AMP Balanced Fund
  • 6.46% pa for the AMP Moderate Fund

These returns are after total fund charges and before tax.

AMP KiwiSaver Scheme is a long-term investment and unless your individual circumstances have changed, this may not be the time to make decisions to change your funds.

You can view returns for all of the AMP KiwiSaver Scheme funds here.

If you have any questions you can talk with your Adviser or call us on 0800 267 5494.

A disclosure statement is available on request and free of charge from your Adviser.

Important information

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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.

Please note past returns are not indicative of future returns.

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.

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. 

A disclosure statement is available from your adviser, on request and free of charge.