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ASB KiwiSaver Scheme
ASB KiwiSaver Scheme is a KiwiSaver provider that runs 6 KiwiSaver funds, has 520,526 members, manages $20.3 billion, or 14.8% of the KiwiSaver market.
About ASB KiwiSaver Scheme
ASB is one of KiwiSaver’s long-running bank providers, with a scheme that launched in 2007 and sits within the Commonwealth Bank of Australia group. It was one of the original default providers, but that status ended in 2021. Today, ASB’s KiwiSaver range is mainly index-tracking, which makes it more passive than many bank-scheme assumptions might suggest. The scheme spans six funds from NZ Cash to Aggressive, with fees that sit in a moderate range for a large bank-run provider.
Key facts
- Ownership
- Australian-owned
- KiwiSaver scheme established
- 2007
- Investment approach
- Mainly index-tracking
- KiwiSaver funds under management
- $20.3 billion (14.8% of the KiwiSaver market)
- Members
- 520,526
- Average member balance
- $38,967
- KiwiSaver funds offered
- 6
- Annual fee range
- 0.35% – 0.75%
Fund range by risk profile
- Defensive: 1 fund
- Conservative: 1 fund
- Balanced: 2 funds
- Growth: 1 fund
- Aggressive: 1 fund
How has ASB KiwiSaver performed?
Over the last 5 years, their highest-returning fund was the Growth Fund, at +6.2% a year after fees and tax.
| Risk profile | Fund | Return |
|---|---|---|
| Defensive | NZ Cash Fund | +2.1% |
| Conservative | Conservative Fund | +5.4% |
| Balanced | Balanced Fund | +9.1% |
| Growth | Growth Fund | +11.2% |
| Aggressive | Aggressive Fund | +12.6% |
KiwiSaver funds offered by ASB KiwiSaver Scheme
| Fund | Risk profile | Annual fee | 1 year | 5 years p.a. |
|---|---|---|---|---|
| NZ Cash Fund | Defensive | 0.35% | +2.1% | +2.4% |
| Conservative Fund | Conservative | 0.40% | +5.4% | +2.6% |
| Balanced Fund | Balanced | 0.65% | +9.1% | +4.9% |
| Moderate Fund | Balanced | 0.60% | +7.1% | +3.6% |
| Growth Fund | Growth | 0.70% | +11.2% | +6.2% |
| Aggressive Fund | Aggressive | 0.75% | +12.6% | 0.0% |
Figures are after fund charges and tax, sourced from the FMA Disclose Register. Past performance is not a reliable indicator of future returns.