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 to 60% in late 2022 proved wise when markets crashed in April, showing their strategy can pay off—even if it doesn’t always dazzle. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/711b2149c6dd6504