Most balanced managed funds struggle to beat a bank term deposit. So why should we trust our KiwiSaver funds with them?
Over the past 10 years you'd have earned on average 2.9 percent a year from a balanced fund and 4.1 percent per year from a 6-month bank deposit (after fees and tax).
But don't let recent dismal performances from balanced funds put you off investing in a KiwiSaver scheme. Looking at why funds have done poorly in the past can help you sort through today's KiwiSaver options.
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