Fund watch
How has each SIL fund performed?
| SIL Mutual Scheme Performance as at 31 December 2023 |
3 months (%) |
1 year (%) |
3 years (% p.a.) |
5 years (% p.a.) |
10 years (% p.a.) |
| SIL Cash Plus Fund | 1.45% | 5.31% | 2.50% | 2.05% | 2.22% |
| SIL Balanced Plus Fund | 7.33% | 11.63% | 2.78% | 7.29% | 7.08% |
| SIL New Zealand Fixed Interest Fund | 5.87% | 5.74% | -2.65% | 0.58% | 2.61% |
| SIL New Zealand Share Fund | 4.45% | 2.79% | -3.85% | 6.16% | 9.20% |
| SIL International Share Fund | 5.30% | 18.10% | 7.65% | 12.39% | 10.65% |
Performance is after annual fund charges and before tax.
Global equity markets had a strong finish to the year, buoyed by the prospect that some of the world’s major central banks had finished their interest rate hiking cycles. In the US, the S&P 500 Index gained 11.7%, as it edged closer to an all-time high. Meanwhile, the tech-heavy Nasdaq 100 Index extended its gains by a further 13.8%. Against this backdrop, the SIL International Share Fund rose 5.30% over the quarter.
Following their global counterparts, New Zealand equities also finished higher over the quarter, with the NZX 50 rising 4.2%. Its return lagged some of its global peers as the Reserve Bank of New Zealand (RBNZ) maintained a relatively hawkish stance on monetary policy amid stubbornly high inflation. Nevertheless, the SIL New Zealand Share Fund rose 4.45% over the quarter.
Despite the RBNZ maintaining its hawkish stance, New Zealand bonds finished the quarter higher, largely driven by US and European markets where their respective central banks signalled that they had finished lifting interest rates. Over the quarter, the SIL New Zealand Fixed Interest Fund returned 5.87%. Meanwhile, cash continued to deliver stable and positive returns, with the SIL Cash Plus Fund up 1.45%.
Finally, the SIL Balanced Plus Fund has around 65% of its holdings in growth investments, such as international shares, with the remaining 35% in income investments. This fund returned 7.33%.
This article has been prepared by ANZ New Zealand Investments Limited (‘ANZ Investments’) for information purposes only and it should not be treated as financial advice.
Superannuation Investments Limited is the issuer and manager of the SIL Mutual Scheme. ANZ Investments is not an authorised deposit taking institution (ADI) under Australian law and investments in the scheme aren't deposits in or liabilities of ANZ Bank New Zealand Limited, Australia and New Zealand Banking Group Limited, or their subsidiaries (together 'ANZ Group'). ANZ Group doesn’t stand behind or guarantee ANZ Investments. Investments in the scheme are subject to investment risk, including possible delays in repayment, and loss of income and principal invested. ANZ Group won’t be liable to you for the capital value or performance of your investment.
Past performance does not indicate future performance, and performance can be negative as well as positive. This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product.
Investment and administration manager: ANZ New Zealand Investments Limited