NEW ZEALAND - KiwiSaver funds posted positive returns for the first quarter of 2011, with the meidan KiwiSaver growth fund returning 3.8% and the more conservative default median fund returning 1.6%, according to Mercer's KiwiSaver survey.
Funds with a higher allocation to shares and property performed best, Mercer's data showed. The best performing fund for the quarter was Fidelity Life Aggressive Growth Fund which returned 5.6%...
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