The latest data released for KiwiSaver performance as at September 30, 2012 is from Brook.
Brook Asset Management (Brook) is a specialist investment management operation located in Auckland. Australian investment bank Macquarie took full control of Brook in 2008, after previously holding 49% of the company.
Brook have built a reputation in New Zealand for their ability to select and manage a portfolio of predominately New Zealand and Australian shares. Within KiwiSaver they are one of the smallest providers with approximately $6.7 mln under management.
Brook provides members with the chose of a Conservative, Balanced and Growth Fund.
The Growth fund is a pure equity, high octane portfolio with no allocation to Cash or Fixed Interest.
The other two portfolios are more diversified and currently include sizeable holdings in Cash and Fixed Interest and modest exposures to Australasian shares.
Within each portfolio members' funds are invested into a mix of Brook funds (Brook Tasman Fund and Brook Income Fund) and the award wining Walter Scott Global Shares Fund (2012 Morningstar Fund Manager of the Year).
The last 12 months to the end of September have not been kind to the team at Brook, with their KiwiSaver Growth and Balanced funds under-performing their respective peer group benchmarks.
Over the last 5 years however, Brook have performed extemely well with the Growth Fund topping its peer group returning +3.4% per annum. The Balanced Fund has also performed well relative to its peer group (+3.5% per annum) and is ranked inside the top half dozen schemes. The Conservative scheme started in July 2012 and therefore no long term data is available.
Both the Growth and Balanced Funds have beaten their respective benchmarks by handsome margins over the last 5 years (+7.8% per annum and +4.5% per annum respectively) showing Brook has the ability to add significant value over time.
Below is a table of the longer term performance of the Brook funds. The return data is before tax and after fees and is as published by the managers. (No adjustments have been made to take into account those additional fees which scheme providers may charge and which are not included in calculating the fund performance. We do make such adjustments, but they will not be included until the full benchmarking is published.)
|
Brook KiwiSaver Scheme |
1 year (p.a.) |
5 year* (p.a.) |
Since inception (1 Oct 2007) (p.a.) |
| Conservative Fund | n/a | n/a | 0.2%** |
| Balanced Fund | 5.5% | 3.5% | 3.5% |
| Growth Fund | 8.3% | 3.4% | 3.4% |
* Brook has not reported 5year returns so this data has been calculated using monthly unit prices sourced from the manager.
** This fund started in July 2012 so the data is for the period to 30 September 2012.
More detailed performance reporting can be found here ».
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.