JUNO KiwiSaver Scheme Review
Summary of Juno KiwiSaver: JUNO KiwiSaver offers three KiwiSaver funds, with the aim of making market-beating returns while making it simple for contributors to understand where their money is invested and how their retirement is being funded. Most KiwiSaver schemes have two fees - an annual fee, and a management fee. JUNO KiwiSaver instead, and rather helpfully, has ONE fee and it's in dollar terms, not as a percentage of your fund balance. This means you'll pay a fixed amount per month depending on your balance. There are no performance fees, despite the funds being actively managed. Many KiwiSaver fund managers take a bite of any market-beating returns - JUNO KiwiSaver does not. The funds launched in August 2018; the JUNO Growth has reported leading results and was ranked #1 for its Growth fund per this Stuff.co.nz article. Switching between any JUNO KiwiSaver fund is free. There are no joining fees or exit fees if you take your money to another fund.