The top KiwiSaver fund in Aotearoa has scooped another win, but newcomers are rising fast.
The total money invested in all KiwiSaver funds in Aotearoa has increased to $98 billion.
ANZ's fund has the largest market share with nearly $20 billion in assets under management, followed by ASB with almost $15 billion.
It comes after the Reserve Bank increased the OCR to 5.5 percent in May, while annual inflation fell to 6 percent in the last quarter.
But Morningstar's latest KiwiSaver survey, covering the second quarter, showed Milford was the top performer, with newcomer Generate hot on its heels.
The most popular type of fund was growth.
About $32 billion of total assets are in growth funds, compared to just $8 billion in conservative funds.