Fund watch
How has each SIL fund performed?
| SIL Mutual Scheme Performance as at 30 June 2022 |
3 months (%) |
1 year (%) |
3 years (% p.a.) |
5 years (% p.a.) |
10 years (% p.a.) |
| SIL Cash Plus Fund | 0.32% | 0.62% | 0.81% | 1.35% | 1.89% |
| SIL Balanced Plus Fund | -9.13% | -9.75% | 3.82% | 5.74% | 8.28% |
| SIL New Zealand Fixed Interest Fund | -2.44% | -8.88% | -1.82% | 1.04% | 2.14% |
| SIL New Zealand Share Fund | -10.62% | -14.70% | 1.58% | 7.33% | 12.16% |
| SIL International Share Fund | -6.84% | -9.18% | 7.83% | 10.08% | 12.14% |
Performance is after annual fund charges and before tax.
It was a challenging three months for most global markets as rising interest rates and concerns around slowing global growth weighed on investor sentiment, leading to declines across most equity and bond markets. Against the backdrop of a worsening outlook for the global economy, the SIL International Share Fund fell 6.84% over the quarter.
New Zealand equities also struggled against the backdrop of rising interest rates, with the defensive index unable to keep up with returns offered by government bond yields. Despite a mild bounce to close out the quarter, it was relatively one-way traffic, with the NZX 50 Index ending the quarter down more than 10%. The weakness among domestic equities saw the SIL New Zealand Share Fund fall 10.62% over the quarter.
Bond markets also had a challenging quarter as the Reserve Bank of New Zealand (RBNZ) lifted the Official Cash Rate (OCR) by 100 basis points over the quarter – and projected more interest rate hikes were to come. For the quarter, the SIL New Zealand Fix Interest Fund fell 2.44%.
This article has been prepared by ANZ New Zealand Investments Limited 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. Investments in the scheme are not deposits in ANZ Bank New Zealand Limited, Australia and New Zealand Banking Group Limited or their subsidiaries (together ANZ Group), nor are they liabilities of ANZ Group. ANZ Group does not stand behind or guarantee the obligations of ANZ New Zealand Investments Limited or Superannuation Investments Limited. Investments are subject to investment risk, including possible delays in repayment, and loss of income and principal invested. ANZ Group will not be liable to you for the capital value or performance of your investment. Your investment in the scheme is not guaranteed by ANZ Group, Superannuation Investments Limited, any of their directors or any other person.
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