Apr 09 Mike Pero Saver fund manager leads the way

Apr 09

Leading fund rating agency Morningstar has released their latest KiwiSaver Performance Survey which found that Mike Pero Saver fund manager Huljich Wealth Management was a top performer compared to other KiwiSaver fund providers.

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The six-monthly Morningstar KiwiSaver Performance survey is designed to help New Zealand investors assess the performance of their KiwiSaver superannuation options.

Mike Pero Mortgages Chief Executive Shaun Riley is delighted that the Mike Pero Saver fund manager Huljich Wealth Management fared so well.

“Huljich Wealth Management was a standout performer in the survey and we are pretty excited about this result. The shop was number one across the Moderate, Balanced and
Growth categories over the past year, which was achieved primarily through higher allocations to more defensive assets,” he says.

Mike Pero Saver is the brand used to distribute the Huljich KiwiSaver scheme through Mike Pero Mortgages.

Shaun Riley says the company is delighted to lend the Mike Pero name to the Huljich KiwiSaver Scheme and to distribute the Huljich Wealth Management investment material to
its valued customers.

“Our customers who have Mike Pero Saver are really benefiting from Huljich’s performance,” says Shaun Riley.

“Returns are extremely important as a small increase in returns over the long term will lead to a significant increase in the value of your KiwiSaver at retirement.”
Shaun Riley says the impact of higher returns could be very beneficial in the future.

“For example, the impact of higher returns of just 2 percent, the difference between an average investment return of 6 percent compared to an average investment return of 4
percent, on the value of a KiwiSaver fund at retirement after a 35 year investment, could be as much as $161,586. That’s significant.”

He says this example is based on an investor who starts saving at the age of 30 with an annual salary of $52,500, with the salary rising 3 percent per annum, until the retirement age
of 65 (the investor contributes 2 percent of his salary to a KiwiSaver scheme, which is matched by the employer).

Shaun Riley adds there are some important factors to consider with regard to KiwiSaver. “Investment returns have such a huge impact on the value of your KiwiSaver fund at
retirement, so it’s very important to look at your KiwiSaver fund manager’s returns over
time,” he says. “Plus, you should also make sure your provider communicates with you through newsletters, transaction statements and daily performance updates, enabling you to track the growth of
your savings.”

For more information contact:
Shaun Riley
Chief Executive Officer
Mike Pero Mortgages
(09) 306 6698 or (021) 287 8727

Mike Pero
(027) 645 3737
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Natalie Harding
Mike Pero Mortgages
Marketing Manager
(03) 365 4547 or (027) 498 4478