/quote but this isnt another country so looking at what you get overseas is not going to do you any good. /quote
It does when a considerable portion of the managed fund gets invested overseas.
Recession or not, fund performance should be based on the stock marketing index performance. This isn't NZ highschool where students can get individual merit (satisfactory/unsatisfactory , excellence achievement or not). % returns is all that matters.
Someone figure out the return on $1000 on 10, 20, or 30 years time less administration costs? IMO the $1000 freebee is a bribe and funds those administrators.
Remember, very FEW managed funds overseas can 'consistently' make the claim of beating the index (less management fees) for 10 or 30 years. Why would NZ based funds be any different?