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Milford Fund’s Turbulent Turn | Auckland News
Milford’s Active Growth Fund, once a KiwiSaver powerhouse, is now lagging—down to just 5% in three months versus top funds’ 12.5%, and 28th place over a year. The dip? Deliberate. Milford pulled back from booming tech and US markets, opting for a defensive stance that may hurt short-term gains but could shield investors during downturns. Also under scrutiny: the fund’s ballooning size, forcing it to spread investments thinner—New Zealand exposure halved since 2020. While Milford’s research pedigree remains strong, its pivot into global equities is being closely watched. A stock allocation dip…
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