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You can select from three different investment strategies or you can build your own strategy by choosing a mix of the Conservative Fund and the Growth Fund in any proportions you wish. Regardless of your age and stage, the Fisher Funds KiwiSaver Scheme gives you the flexibility to achieve your savings goals.

Overview of
Growth Fund »

Overview of
Conservative Fund »

Overview of
Balanced Strategy »

Overview of
GlidePath »

Download the
Scheme Fact Sheet »






Overview of Growth Fund »


Overview of Conservative Fund »


Overview of Balanced Strategy »


Overview of GlidePath »


Download the Scheme Fact Sheet »


Why investing in the right strategy could make all the difference

Growing the real value of your investment is vitally important in any long term savings plan. Even a small increase in the average annual return on your savings makes a significant difference to the value of those savings when you retire.

The longer your investment timeframe, the more you may be comfortable with an investment strategy that consists of more growth assets, such as shares. We think growth assets are important, as most KiwiSaver members have a long time to save for their retirement. Historically, investing in growth assets has produced better long term returns than investing in other asset classes, minimising the impact of inflation over time on your savings.

However, if you are nearing retirement or saving for a first home, you may want to have a more conservative investment approach. Income assets such as cash and fixed interest typically produce more stable returns in the short term.

A recent study1 by the Reserve Bank of New Zealand and Treasury found that KiwiSaver members, at an aggregate level, are invested in less growth assets than is ideal.

If you were automatically enrolled into KiwiSaver you will have been put into a default fund which is required to have a conservative investment approach (no more than 25% growth assets). This may not be appropriate for everyone.  

1 Review of the KiwiSaver Fund Manager Market Dynamics and Allocation of Assets, September 2015

The impact of higher returns on KiwiSaver value  at retirement after 42 years in

Results are simulated in this chart. This analysis assumes an investor starts saving on 1 June 2016 at age 23 with an annual salary of $35,000. Their salary rises steadily at 3.5%pa until at age 65 they retire. Of this salary they contribute an after-tax 3% to their KiwiSaver scheme and their employer contributes a before-tax 3%. The employer’s contributions remain subject to contribution tax at current rates (see ird.govt.nz). KiwiSaver Member Tax Credits of $521.43 per year are received throughout each period. No withdrawals are made.

Two investment return assumptions are presented. One is an assumed return of 4% after tax and fees each year. The other is an assumed return of an additional 2%, making a total return of 6% after tax and fees each year. All portfolio amounts are shown in today’s dollar terms.

By presenting portfolio amounts in today’s dollar terms, we have stripped out the impact of inflation from the results, so as to compare purchasing power at retirement with today’s prices for goods and services. Inflation is assumed to average 2%.


Overview of Growth Fund

How does the Fund invest?

The Growth Fund aims to grow your savings with more focus on capital growth over the long term. It is invested mainly in growth assets. There will be more movements up or down in the value of your investments but with the potential to generate higher returns than the Conservative Fund.

Who is the fund suitable for?

A long term investor:

  • Ok with ups and downs in their savings balance in the expectation of growth in the long term
  • Has time on their side

Where is the Fund invested?

Here's how savings in the Growth Fund are split up:

Target investment mix Growth Fund

Find out more about the companies the Growth Fund currently invests in, what they do and why we like them.

Check out the latest performance.


Overview of Conservative Fund

How does the Fund invest?

The Conservative Fund aims to provide moderate protection for your savings, while also providing a modest level of return over the medium term. It is invested mainly in income assets with a small amount in growth assets.

Who is the Fund suitable for?

A short term or naturally cautious investor:

  • Nearing retirement
  • Looking to make a withdrawal in the short term
  • Protection of savings is important

Where is the Fund invested?

Here's how savings in the Conservative Fund are split up:

Target investment mix Conservative Fund

Find out more about the companies the Conservative Fund currently invests in.

Check out the latest performance.


Balanced Strategy

The Balanced Strategy aims to provide a balance between protecting your savings and growing them over the long term. It is invested in a balance of income and growth assets. The strategy is achieved by investing in a combination of the Growth Fund and Conservative Fund (55% and 45% respectively).

Who is the strategy suitable for?

A medium to long term investor:

  • Wants a balance between maintaining their savings balance and growing their investment
  • Values the security of their savings as much as getting a high return
  • Ok with ups and downs along the way

Where is the strategy invested?

Target investment mix Balanced Strategy

Check out the latest performance.

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