Originally Posted by
workingdad
Perhaps part of the issue with the performance of nz share market .
KIWISAVER TURNS SHARPLY INTERNATIONAL
The RBNZ's monitoring (T43) of the funds sector shows that total KiwiSaver assets rose to $115.234 bln bln as at March, a new record high. However there was a huge fall in assets invested in New Zealand, now under 41%. Recall it was just over 50% in December 2020, and was 60% in 2008. If it had held at 50%, that would have involved more than $10 bln more invested locally. 62% of all assets are in equities or unit trusts (19% in NZ, 43% overseas).