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Morningstar KiwiSaver 360 Report

Morningstar Manager Research offers independent analysis of managed investment strategies. Its evaluations are presented as Morningstar Medalist Ratings, which are based on assessments of the strategy's People, Process, and Parent pillars, along with an evaluation of costs through the Medalist Rating Price Score.

Morningstar's KiwiSaver 360 is designed to help New Zealand investors assess the past performance and other key characteristics of their KiwiSaver superannuation options. The accompanying tables show KiwiSaver fund returns for the three months and one, three, five, and 10 years to March 31, 2026.

KiwiSaver 360 | March 2026

Global markets in the first quarter of 2026 were dominated by the escalation of the Iran conflict, which triggered a sharp but relatively short-lived risk-off move across asset classes. Equities sold off meaningfully in early March, with global indexes falling and more pronounced drawdowns across parts of Asia, as investors priced in inflation risk, supply disruptions, and geopolitical spillover. The key transmission channel was energy: Oil prices surged sharply amid concerns around the disruption of Middle East supply routes, driving a spike in inflation expectations and bond yields.

KiwiSaver dips slightly as US/Iran war weighs on financial assets

Morningstar Kiwisaver Survey | December 2025

KiwiSaver assets increased, ending the quarter at close to NZD 145 billion rising almost $5b this quarter due to a combination of market returns across the board, and inflows.

KiwiSaver rises to almost NZD 140 billion

Morningstar Kiwisaver Survey | September 2025

See how KiwiSaver has grown to nearly $135 billion and what the latest Morningstar report reveals about fund performance, returns, and why aligning your fund with your goals matters.

KiwiSaver rises to almost NZD 135 billion




 

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Latest articles

Quarterly market commentary

While the last several years have seen many international share markets delivering strong double-digit investment returns, the first three months of 2026 saw most markets taking a small step backwards.

Divorce and money: How separation impacts KiwiSaver and retirement plans

Divorce and money: How separation impacts KiwiSaver and retirement plans

A look back at when the world feared the worst

On August 2, 1990, the world woke up to a grim headline: “Iraq Invades Kuwait; Oil Prices Soar, Markets Plunge.”