KiwiSaver Funds Reassess Tech AI Exposure

Auckland News Today | 2 Min News | The Daily News Now! · Jun 26, 2026 · 1m

KiwiSaver fund managers are stepping back from big tech and AI stocks after a wild ride, as recent market turbulence exposes the risks of chasing explosive growth. While passive funds have thrived by holding tech giants, active managers like Milford are dialing down bets, opting for steadier, revenue-generating companies over high-beta plays. Experts note this caution is smart—especially after AI stocks’ massive gains—but it could hurt short-term returns. Long-term, though, the data still favors low-cost index funds, as active KiwiSaver funds have consistently underperformed over the past…