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18 Apr 2024 20:52
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      Home > News > Business

    Economic uncertainty is hitting our KiwiSaver balances

    Economic uncertainty is hitting our KiwiSaver balances


    New figures from investment research firm Morningstar suggest about five billion dollars has been wiped from the value of funds in the past three months.

    It follows a 10.2 percent fall in New Zealand's sharemarket and even greater falls in international markets.

    The smallest falls were for conservative funds which saw an average drop of 4.2 percent.

    Balanced funds fell by an average of 7.1-percent, while growth funds decreased by an average of nine-percent.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    		 Entertainment:
    'Trainspotting' actor Vincent Friell has died aged 64 20:40

     Entertainment:
    Prince William's first public engagement since news broke of his wife's cancer diagnosis will be a visit to a UK food charity 20:10

     Entertainment:
    Salman Rushdie suffered a cancer scare shortly after he survived a brutal stabbing 19:40

     Entertainment:
    Brandon Lee's sister Shannon Lee is calling for live guns to be banned from film sets 19:10

     Law and Order:
    The Civil Aviation Authority has convicted and fined a microlight pilot for operating an aircraft in a careless manner 18:58

     Entertainment:
    Sharon Osbourne has been on anti-depressants for more than 30 years 18:40

     Law and Order:
    Police say they were forced to shoot a ram at a west Auckland property after it had apparently killed two people 18:37

     Entertainment:
    Nicole Scherzinger's fiancé Thom Evans "can't wait" to marry and start a family with the singer 18:10

     Law and Order:
    Three youths have been caught after a smash and grab burglary in Rotorua this morning 18:07

     Entertainment:
    Alexa Penavega and her husband Carlos are mourning the loss of their daughter after she was "born at rest" 17:40

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