Balanced funds are categorised as medium risk. They typically invest in a combination of income and growth assets.
Balanced funds are likely to suit savers:
- with between five and ten years until they're eligible to withdraw from KiwiSaver
- with between ten and fifteen years until retirement, who have a moderate appetite for share market volatility.
Booster KiwiSaver Scheme balanced funds
This actively-managed fund aims to provide long-term savers mainly with the opportunity of capital growth, but with some short-term return volatility offset with some ‘income’ assets.
An actively managed fund that excludes investments that do not meet certain values-based standards. Examples are alcohol, gambling and fossil fuels. Its ‘balanced’ mix of ‘income’ and ‘growth’ assets have a typical return and risk profile over the medium to long term.
A medium-risk fund for medium to long-term savers. It offers a ‘balanced’ combination of ‘income’ and ‘growth’ assets. It is quite ‘passive' – it follows selected market indices over the long term, with no short-term active market timing strategies.