KiwiSaver balances in New Zealand decrease due to volatility

Many KiwiSaver account holders are feeling uneasy about their balances lately. Market changes linked to U.S. President Donald Trump and billionaire Elon Musk have contributed to these declines. Experts explain that several factors can affect KiwiSaver funds. Recessions, inflation, trade wars, and government policies can all lead to market volatility. Mark Lister advises investors to make decisions about their KiwiSaver accounts during stable times, rather than reacting quickly to market changes. In recent weeks, many investors have contacted their providers, worried about their falling balances. They are looking to move their money into more conservative funds to avoid further losses. Historically, these downturns may only be temporary. Previous experiences during the Global Financial Crisis and the Covid-19 pandemic show that balances can recover over time.