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kōura Wealth KiwiSaver

A unique KiwiSaver with personalised investment portfolios.

Instead of standard conservative, income and growth funds, kōura Wealth offers personalised KiwiSaver plans to better meet your retirement needs.

In this guide, we will explore the kōura Wealth funds on offer, so that you can decide if this Kiwisaver provider is right for you.

About kōura Wealth

kōura Wealth offers six KiwiSaver plans in New Zealand. Unlike other providers who only offer a selection of distinct funds, kōura uses a robo-advice initiative to give members a personalised portfolio. This portfolio contains a mix of the available kōura Wealth funds to help you meet your savings goals.

On top of this, kōura offers updated robo advice once a year. This helps kōura alter your portfolio’s composition based on your dynamic financial situation.

kōura Wealth KiwiSaver funds

Name Product Past Performance - 6 Months Past Performance - 1 Year Past Performance - 2 Years Past Performance - 3 Years Past Performance - 5 Years Calculated fees on $50,000 balance
kōura KiwiSaver - Conservative Portfolio
Performance is up to 31 March 2022. Rates are before tax and after fund management fees.
kōura KiwiSaver - Balanced Portfolio
Performance is up to 31 March 2022. Rates are before tax and after fund management fees.
kōura KiwiSaver - Growth Portfolio
Performance is up to 31 March 2022. Rates are before tax and after fund management fees.

Compare up to 4 providers

kōura Wealth offers six different KiwiSaver funds which mainly consist of BlackRock ETFs. These funds focus on index investing and cover more than 3,000 investments across 50+ countries. kōura does not invest in companies related to gambling, civilian weapons, controversial weapons, adult entertainment, whaling, and tobacco.

The types of kōura Wealth KiwiSaver funds available are:

  • Funds with international securities. kōura Wealth offers three funds exclusively focused on international assets including US equities and emerging market stocks.
  • Funds with domestic securities. The remaining three kōura KiwiSaver funds focus on New Zealand-based assets such as New Zealand equities, fixed interest, and cash.

Below are the 6 KiwiSaver funds that your personalised portfolio will consist of in different proportions. Do note that while it is not encouraged for you to do so, you can skip the robo advice and invest in one particular kōura Wealth KiwiSaver fund if you’d prefer

  • US Equities Fund. This fund invests in US equities, mainly via the iShares ESG Advanced MSCI USA ETF. The stocks chosen tend to be blue-chip companies such as Visa Inc and Microsoft.
  • kōura Emerging Markets Fund. A fund that consists of emerging market equities, mainly from the iShares ESG Advanced MSCI EM ETF. It invests in companies like Alibaba and Samsung.
  • Rest Of World Equities Fund. A fund consisting of equities unrelated to US and Canadian markets. The KiwiSaver fund mainly invests in the iShares ESG Advanced MSCI EAFE ETF. The companies considered include SONY and Allianz.
  • NZ Equities Fund. A KiwiSaver that zooms in on New Zealand equities such as Fisher & Paykel Healthcare, and Spark and Meridian Energy.
  • New Zealand Fixed Interest Fund. This fund largely consists of fixed-interest assets and term deposits in New Zealand. For example, the fund invests in bonds from the Auckland Council and Auckland International Airport.
  • Cash Fund. This fund largely offers exposure to cash.

    kōura Wealth KiwiSaver fund fees

    kōura Wealth’s KiwiSaver schemes come with these two types of fees that you should keep an eye out for.

    • Annual fund charge. A flat fee of $30 and a management fee of 0.63% applies. Do note that this fee is waived for those aged 18 and below.
    • Transfer-in fees. While kōura does not charge any exit or sign-up fees, your existing KiwiSaver fund may charge an exit fee when you switch to kōura. Get in touch with your current KiwiSaver provider for more details.

    Remember to check with kōura on the appropriate fees that you will need to pay before signing up. The exact amount will ultimately depend on factors like your fund composition and investment balance.

    Does kōura Wealth offer other investment products?

    kōura Wealth was created to tackle the issue that most people select the wrong KiwiSaver fund for their investment needs. It therefore focuses on KiwiSaver-related portfolios, funds, and advice.

    How do I sign up?

    Application process

    To sign up, simply select the ‘Go to site’ button on the table above and fill in the online form with details such as your name, age, current KiwiSaver balance, contribution habits, and overall savings goals. kōura will help you set up your account and later, a personalised portfolio.

    Eligibility criteria

    To sign up with kōura Wealth you must be:

    • A New Zealand citizen
    • Entitled to live in New Zealand indefinitely

    If you are holding a temporary student, visit or work permit, you may not be eligible for kōura Wealth KiwiSaver funds.

    Documents required

    You may need to provide a copy of the following documents during your application.

    • IRD number (and your PIR)
    • Driver’s license

    Our verdict

    kōura Wealth offers a unique, personalised KiwiSaver portfolio to meet your savings needs. It is worth considering by individuals looking for passive, long-term, and stable returns with their KiwiSaver.

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