What is Growth Fund?
A growth fund holds mostly growth assets (typically 63-89% in shares and property), aiming for higher long-term returns.
Detailed Explanation
Growth funds are higher-risk, higher-potential-return funds suitable for investors with longer timeframes. They hold predominantly growth assets like shares and listed property.
Example
Illustrative example — A growth fund might return +18% in a good year and -15% in a bad year. Over 20 years, it might average 7-9% annually.
Frequently Asked Questions
Am I too old for a growth fund?
It depends on your timeframe. Even at 55, you might have 10+ years until retirement.
Should I switch to growth after a market crash?
Be cautious about switching after drops. Consider your long-term strategy.
Related Terms
Compare every fund within a KiwiSaver scheme on the FMA Disclose register. Refreshed quarterly. Independent — FundCompare is not a Financial Advice Provider; general information only.
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