Global stock markets rebounded during April, in part due to easing political concerns around the US-China trade agreement and strong performance of the energy sector. This has meant AMP KiwiSaver funds continue to perform well.
Compared to the average return on the average term deposit for 1 year offered by the major banks as at 14 April 2017 of 3.37% pa, the returns for some of our key funds were:
- 8.12% pa for the AMP Growth Fund
- 6.33% pa for the AMP Balanced Fund
- 4.55% pa for the AMP Moderate Fund
These returns are after total fund charges and before tax.
Markets are likely to continue to fluctuate over the coming period while there is uncertainty in the United States as a result of the political tension with China and North Korea and the rising of interest rates. However, AMP KiwiSaver Scheme is a long-term investment and unless your individual circumstances have changed, this may not be the time to make hasty 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.