Value of Managed Funds
Published: April 8, 2024This report analyses the value of funds under management in New Zealand. This includes managed funds, individually managed portfolios, life office funds, KiwiSaver funds, other superannuation funds, cash management trusts, retail unit trusts and wholesale trusts. The data for this report is sourced from the Reserve Bank of New Zealand (Te Putea Matua) and presented as the average value of funds under management for each financial year in billions of dollars.
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Recent Trends – Value of Managed Funds
IBISWorld forecasts the value of managed funds to rise by 8.4% in 2023-24, to reach $285.0 billion. A recovery in the NZX 50 index, following a decline in 2022-23, is expected to support growth in the value of managed funds. The largest growth in 2023-24 is expected to be in Kiwisaver net assets and growth across listed share holdings in managed funds.
The NZX 50 index has been relatively volatile over the past two years compared with earlier in the past five-year period. This volatility has largely been due to global economic uncertainty caused by the COVID-19 pandemic, high inflation and a series of supply chain issues and price spikes for key commodities like crude oil. The pandemic had a significant impact on equity markets around the world, with NZX 50 index falling below 8,500 index points in March 2020. Following this, the NZX 50 recovered rapidly, reaching a record high of 13,644 index points in January 2021. However, the index has declined from this peak as investor uncertainty has risen in the face of high inflation and rising interest rates.
5-Year Outlook – Value of Managed Funds
IBISWorld forecasts the value of managed funds to rise by 5.1% in 2...
