Market recoveries can take some time, so it is important investors select a fund that is appropriate for their age and risk profile.
“It’s important to check you’re invested in the right fund for your circumstances, especially if you’re intending to use your money to purchase a first home or you need it soon,” said Ms Mackenzie.
Despite the volatility, Mr Huxford said ANZ Investments’ long-term approach has not changed.
“Our team typically focuses on what we believe are high-quality companies with robust balance sheets run by people with strong leadership qualities; companies which, over time, should become more valuable, and therefore help to grow the wealth of our members,” he said.
“We are regularly monitoring global markets to allocate your money, so that you don’t have to.”
ANZ Investments is encouraging members to keep up their contributions through periods of market declines.
“Investing through a downturn means you can invest at lower prices and benefit from any market recovery,” Ms Mackenzie said.
“It helps create good investment habits, and sets you up for more financial freedom, whatever your ‘life after 65’ plans are.”
For media enquiries contact: Tony Field 021 2203152
ANZ New Zealand Investments Limited is the issuer and manager of the ANZ KiwiSaver Scheme, OneAnswer KiwiSaver Scheme and ANZ Default KiwiSaver Scheme. A copy of the ANZ KiwiSaver Scheme and OneAnswer KiwiSaver Scheme guide and product disclosure statement is available at anz.co.nz. The ANZ Default KiwiSaver Scheme is closed to new members. This article is for information only. Please talk to a financial adviser if you need financial advice. ANZ Bank New Zealand Limited’s financial advice provider disclosure is available at anz.co.nz/fapdisclosure.