How are NZ fund managers performing? 👀 After introducing the New Zealand Equity category to SPIVA earlier this year, S&P Dow Jones Indices have added three new categories for funds domiciled in New Zealand: Global Equity, Global Equity (Hedged), and New Zealand Bond. Key highlights: H1 2024 proved to be a particularly challenging market environment for active managers across developed equity markets; a significant majority of actively managed global equity funds domiciled in New Zealand lagged the S&P World Index, including 74% of funds in the Global Equity category and 69% of funds in the Global Equity (Hedged) category. New Zealand domestic equity funds had relatively better results, as the country’s equity market set the bar significantly lower. A slim minority (46%) of New Zealand Equity funds underperformed the S&P/NZX 50 Index. With tailwinds for style bias in duration and credit, many active managers in the New Zealand Bond category performed well and only 15% of funds underperformed the S&P/NZX Composite Investment Grade Bond Index. Want to learn more? Read the full SPIVA report through the links in the comments below. #investing #indexfunds #kiwisaver #personalfinance
Kernel
Financial Services
Auckland, New Zealand 3,583 followers
Kernel is on a mission to help everyone become wealthier. We offer a way to grow wealth - with ease and all in one place
About us
Kernel is on a mission to help everyone become wealthier. We’re a platform offering a range of investment products and innovative tools and technology to grow wealth - with ease and all in one place. We’re passionate about leveraging technology and our financial expertise to create the best way to grow and manage money. Our trusted passive investment approach takes the guesswork out of creating a diversified portfolio while remaining cost-effective and accessible. We help busy and ambitious Kiwis including families, individuals, iwi groups and charitable trusts achieve their goals, gain financial stability and unlock more opportunities.
- Website
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http://www.kernelwealth.co.nz
External link for Kernel
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Auckland, New Zealand
- Type
- Privately Held
- Founded
- 2019
- Specialties
- KiwiSaver, Index Funds, and FinTech
Locations
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Primary
Auckland, New Zealand 1010, NZ
Employees at Kernel
Updates
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How to Invest a Lump Sum of Money That gut-punch moment when your fresh $10,000 investment drops to $9,865 - no matter the amount, we've all had this feeling. It's why we regularly get asked the age-old question "Should I stagger my investments or invest a lump sum of money?" While many investors understand dollar-cost averaging (investing regular amounts over time) the rules seem less clear when you're sitting on a larger sum. Should you dive in, divide into a few slices or wade carefully picking your waves? The answer depends on three key factors: 🙋♂️ Your personal circumstances 💸 The costs involved 🤨 Your emotional relationship with money These factors can make the difference between investment success and sleepless nights. To help you decide, we've done a deep dive into each element, exploring the psychology behind investment timing and providing practical strategies for both approaches. Learn how you can invest a lump sum by reading our blog below.👇 #investing #personalfinance #finance #indexfunds
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We're thrilled to announce that our two new funds are live on the Kernel platform! Say hello to: - Kernel Emerging Markets - Kernel S&P 500 (Unhedged) Both funds are available through Kernel Invest or the Kernel KiwiSave Plan. More details about each fund below. 👇 Kernel Emerging Markets Fund Provides access to 23 emerging markets across the globe, including China, India and Taiwan. Designed as a 'satellite' holding, this fund can be a great addition for those looking for investments outside of developed markets. This fund has an annual management fee of 0.45% p.a. with a 5 year index performance of 6.88% p.a. as at September 30 2024. Kernel S&P 500 (Unhedged) Fund A fan favourite, the S&P 500 offers access to the 500 largest publicly listed companies in the United States. Unlike the S&P 500 (NZD Hedged), this fund is not hedged against currency fluctuations. This fund has an annual management fee of 0.25% p.a. with a 5 year index performance of 15.64% p.a. as at September 30 2024. Learn more about each fund through the link in the comments below. #indexfunds #personalfinance #finance #kiwisaver
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Global real asset classes, such as Listed Real Estate Investment Trusts (REITs) and Listed Infrastructure, are compelling additions to any diversified portfolio. Here's why.👇 As we navigate an evolving economic environment marked by easing monetary policy, investors are looking for assets offering stability, growth and income. These asset classes not only provide attractive dividend yields and inflation protection but also offer unique benefits that can enhance portfolio performance during periods of monetary easing. The 2022-2023 interest rate hike cycle has been one of the steepest in decades for various central banks. Throughout this period, the Global Listed REITs market, represented by the Dow Jones Global Select ESG REIT Index (NZD), has faced significant challenges, declining sharply by approximately 16.5% from its peak at the start of the rate hike cycle in March 2022 through to the trough in October 2023 - as shown below. Although there has been some recovery since the trough, the performance of REITs has remained subdued compared to Listed Infrastructure and broader global equities, reflecting the impact of tighter monetary conditions on the sector. In contrast, Listed Infrastructure has consistently demonstrated resilience over the same period, supported by stable cash flows and inflation-linked revenue streams, as highlighted in our research on global listed infrastructure. As we move into the last quarter of 2024, the global economy is at a turning point. After a challenging period of high interest rates aimed at controlling inflation, several central banks have already kicked off their easing cycles. Notably, the US Federal Reserve made a significant move in its first easing by cutting its benchmark rate by 50bps in response to slowing growth and cooling inflation. Read more in our latest blog in the comments below written by Kernel Research Analyst, Quynh Chi Nguyen. Figure 1: Global listed infrastructure, Global listed REITs vs. Global Equities (3 years to 31 August 2024)
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It's not every day you get to see Luke Kemeys (CA) from Keep The Change in person, so the team made sure to jump at the opportunity 👀 Last week, our Marketing and Customer Success teams had the chance to meet one of their favourite Kiwi personal finance creators. It was inspiring to witness how Luke’s hard work has built such a motivated and dedicated community. Here are a few key takeaways from the evening: 📕 The stories we tell ourselves are powerful—make sure your internal narrative is working for you, not against you. 🎁 Keep delivering value to your audience and trust the process. 💭 Don't be afraid to dream big and think beyond your ingrained beliefs or narratives 😉 And of course, don’t forget to check in on your KiwiSaver. A big shoutout to everyone involved in organizing the event! Luke Kemeys (CA), you weren’t kidding—Jehan Casinader truly was an amazing speaker. The takeaways from his keynote were outstanding. We're looking forward to seeing how your next event goes! #personalfinance #investing #business #kiwisaver
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Money Month may be over, but that doesn’t mean you should forget about supporting your staff’s financial well-being. Last month, in honor of Te Ara Ahunga Ora Retirement Commission’s Money Month, we hosted a series of financial well-being sessions at several businesses, led by Dean Anderson, Founder and CE of Kernel. It was great to see such a great turnout, with many people eager to improve their financial literacy and make the most of their money. If you’d like to support your staff’s financial well-being, we invite you to get in touch via the link in the comments below for a free financial well-being session. A special shoutout to Generator New Zealand, Adminis, KPMG New Zealand, New World NZ, PwC New Zealand, and BDO in New Zealand for having us! #FinancialWellbeing #MoneyMonth #Sorted #Kernel #FinancialLiteracy #Wellness #InvestInYourself
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After two years of writing our monthly newsletter, The Seed, some of you may be wondering who 🪴Tim @ Kernel is. So, here’s his story. Opting to auto-invest and chill, Tim is on a mission to grow his wealth in the laziest and most consistent way possible, aiming to make his money work while he makes the most of his time. Read Tim’s story through the link in the comments below👇
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Kernel platform 🤝 Beautiful design One of the things our customers (and we) love about Kernel so much is our interface - it's simple, intuitive and easy to use. What's not to love? #design #userexperience #platform #customerjourney #personalfinance #kernel
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At Kernel, we just don't launch funds for the sake of it. We’re intentional about those we choose to bring to market. We do our homework to ensure funds will provide value and consider all the details - fees, tax, diversification and more. Our latest range of fixed-interest funds are no exception, and in particular our two target maturity date bond funds. Fixed Interest Portfolio Manager, Matthew Winton, explains in our latest blog the benefits of target maturity bond funds instead of holding bonds directly. These include: 💡 Access - these funds provide moderate diversification and exposure to wholesale bonds typically inaccessible to retail investors. 💡 Tax treatment - These funds are subject to PIE tax treatment, which can present favourable tax characteristics for investors in the top tax rate - as shown in the image below. With the trust tax rate increasing to 39% investors across the board are seeking out the benefits of the PIE regime, with tax capped at 28%. 💡 Liquidity - Invest in bonds through a fund with as little as $1; these funds are accessible for a range of investors. Read the full blog via the link in the comments.👇 *Fair assumption that the fund can maintain the same yield as its hypothetical proxy. Due to the ongoing optimisation of the portfolio, it might be possible to achieve a higher running yield. This example has been simplified to illustrate a point. Other personal or investment factors have not been considered.
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Introducing our new business page - now live over on the Kernel website! Whether you sit on an Investment Committee and are interested in our funds, or would like to enable your employees to grow their wealth through group solutions, we can help. Find out more about partnering with Kernel via our new page: https://lnkd.in/gY-UCzDh #business #partnerwithkernel #website #brand