Find a branch
Contact
Help
Investment fund performance.
View all our funds and see how they’ve performed.
Market update (Oct - Dec 2024).
Donald Trump’s decisive win in the November US presidential election helped support global share markets and the US dollar during the fourth quarter of 2024. Global shares returned 1.9%1, while in NZ dollar terms they returned 13.8% due to the fall in the NZ dollar. Let’s take a closer look at some of the new administration’s proposed policies that are impacting the markets.
- Trade tariffs may lead to inflation and potentially higher US interest rates. As a result, we saw a sell-off in global bonds which fell 1.2%2 for the quarter.
- Stricter immigration policies may push wages up and lead to higher inflation.
- Looser regulations and more business-friendly policies may support corporate earnings and economic growth, which in turn could support share market returns.
Back home, inflation fell, and New Zealand's gross domestic product (GDP) shrunk by 1.0% in the September quarter, confirming a recession. The Reserve Bank of New Zealand (RBNZ) cut the official cash rate (OCR) by 0.5% in both October and November, taking it to 4.25%. Lower interest rates helped support the New Zealand share market with a 5.5%3 return for the quarter.
Looking forward, while share markets have been supported by strong company earnings, the new administration’s swiftness in proposing far-reaching policy changes, could lead to more ups and downs in markets.
Westpac KiwiSaver Scheme fund performance.
High Growth Fund
|
3 months |
6 months |
1 year |
3 years |
5 years |
10 years |
| 3.88% | - | - | - | - | - |
Growth Fund
|
3 months |
6 months |
1 year |
3 years |
5 years |
10 years |
| 2.71% | 7.81% | 16.15% | 3.89% | 6.29% | 7.77% |
Balanced Fund
|
3 months |
6 months |
1 year |
3 years |
5 years |
10 years |
| 1.79% | 6.55% | 12.94% | 3.32% | 5.22% | 6.55% |
Default Balanced Fund
|
3 months |
6 months |
1 year |
3 years |
5 years |
10 years |
| 1.52% | 6.02% | 11.71% | 3.35% | - | - |
Moderate Fund
|
3 months |
6 months |
1 year |
3 years |
5 years |
10 years |
| 1.07% | 5.44% | 9.96% | 2.92% | 3.98% | 5.15% |
Conservative Fund
|
3 months |
6 months |
1 year |
3 years |
5 years |
10 years |
| 0.34% | 4.46% | 7.40% | 2.46% | 2.95% | 4.15% |
Defensive Conservative Fund
|
3 months |
6 months |
1 year |
3 years |
5 years |
10 years |
| 0.23% | 4.10% | 6.87% | 2.62% | 2.89% | 4.01% |
Cash Fund
|
3 months |
6 months |
1 year |
3 years |
5 years |
10 years |
| 1.34% | 2.87% | 5.92% | 4.55% | 3.02% | 2.71% |
Returns (for periods less than 3 years) and average annual returns (for periods 3 years and greater) are after deducting fund charges but before tax to 31 December 2024. Past performance is not a reliable indication of future performance. Returns for any fund will vary and may be negative at times, which means your balance can be less than what you invested. There is no five years or greater return for the Default Balanced Fund because it started on 1 December 2021. There is no six month or greater return for the High Growth Fund because it started on 25 September 2024.
Next steps.
Help me choose a fund
The Westpac KiwiSaver Scheme Fund Chooser will recommend a fund for you based on when you want to use your money - for your first home or when you turn 65.
KiwiSaver Calculator
Use our calculator to see how much you could have and the difference small changes to your contribution rate or your choice of fund could make to Future You.
Talk to a KiwiSaver Specialist
Simply call us weekdays between 8.30am and 5pm on NZ: 0508 972 254. If calling from overseas: +64 9 375 9978 (international toll charges apply).
Westpac Active Series fund performance.
Growth Fund
|
3 months |
6 months |
1 year |
3 years |
5 years |
10 years |
| 2.65% | 7.69% | 15.84% | 3.59% | 5.85% | 7.23% |
Balanced Fund
|
3 months |
6 months |
1 year |
3 years |
5 years |
10 years |
| 1.72% | 6.38% | 12.59% | 3.01% | 4.80% | 6.03% |
Moderate Fund
|
3 months |
6 months |
1 year |
3 years |
5 years |
10 years |
| 0.99% | 5.29% | 9.62% | 2.61% | 3.59% | 4.70% |
Conservative Fund
|
3 months |
6 months |
1 year |
3 years |
5 years |
10 years |
| 0.17% | 3.96% | 6.56% | 2.20% | 2.38% | 3.40% |
Returns (for periods less than 3 years) and average annual returns (for periods 3 years and greater) are after deducting fund charges but before tax to 31 December 2024. Past performance is not a reliable indication of future performance. Returns for any fund will vary and may be negative at times, which means your balance can be less than what you invested.
Next steps.
Help me choose a fund
Your choice of fund could have a big impact on how your investment grows. Here we share our top five tips to consider when choosing a fund.
General investment enquiries
Contact our dedicated team of specialists with general investment questions.
Financial advice
Contact a Westpac Financial Adviser for a free personalised financial plan. If calling from overseas: +64 9 375 9981 (international toll charges apply).
Westpac Retirement Plan fund performance.
Dynamic Fund
|
3 months |
6 months |
1 year |
3 years |
5 years |
10 years |
| 2.45% | 7.24% | 14.95% | 2.79% | 5.18% | 6.66% |
Balanced Fund
|
3 months |
6 months |
1 year |
3 years |
5 years |
10 years |
| 1.55% | 6.01% | 11.75% | 2.20% | 4.05% | 5.39% |
Accumulation Fund
|
3 months |
6 months |
1 year |
3 years |
5 years |
10 years |
| -0.43% | 2.27% | 3.13% | 1.25% | 0.45% | 1.19% |
Returns (for periods less than 3 years) and average annual returns (for periods 3 years and greater) are after deducting fund charges and tax to 31 December 2024. Past performance is not a reliable indication of future performance. Returns for any fund will vary and may be negative at times, which means your balance can be less than what you invested. The Westpac Retirement Plan (Scheme) is closed to new members and a product disclosure statement has not been registered for the Scheme.
Next steps.
General investment enquiries
Contact our dedicated team of specialists with general investment questions.
Financial advice
Contact a Westpac Financial Adviser for a free personalised financial plan. If calling from overseas: +64 9 375 9981 (international toll charges apply).
Things you should know.
1 MSCI World Net Total Return Index
2 Bloomberg Global Aggregate Bond Index (hedged to NZD)
3 S&P/NZX 50 Total Return Index
The material on this webpage is provided for general purposes only and is not a recommendation or opinion in relation to the Westpac KiwiSaver Scheme, Westpac Active Series, or Westpac Retirement Plan. You should not rely solely on the information on this webpage.
This webpage may contain information from third party sources and no member of the Westpac group of companies accepts liability for any error or omission in that information.
The Westpac KiwiSaver Scheme Fund Chooser and the advice it produces are provided by Westpac New Zealand Limited.
BT Funds Management (NZ) Limited is the scheme provider and issuer, and Westpac New Zealand Limited is a distributor, of the Westpac KiwiSaver Scheme and the Westpac Active Series (“Schemes”).
The information above is subject to changes in government policy and law, and changes to the Westpac KiwiSaver Scheme from time to time.
Investments made in the Schemes and the Westpac Retirement Plan (“Products”) do not represent bank deposits or other liabilities of Westpac Banking Corporation ABN 33 007 457 141, Westpac New Zealand Limited or other members of the Westpac group of companies. They are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances, and loss of investment value, including principal invested.
None of BT Funds Management (NZ) Limited (as manager), any member of the Westpac group of companies, The New Zealand Guardian Trust Company Limited (as supervisor), or any director or nominee of any of those entities, or any other person guarantees the Products’ performance, returns or repayment of capital.
You can get a copy of the Westpac KiwiSaver Scheme Product Disclosure Statement here or the Westpac Active Series Product Disclosure Statement here or by contacting any Westpac branch or call 0508 972 254 or from overseas +64 9 375 9978 (international toll charges apply).