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What is FUM (Funds Under Management)?

FUM (Funds Under Management) is the total value of money a KiwiSaver provider manages across all their funds.

Detailed Explanation

FUM indicates the size of a provider. Larger FUM can mean economies of scale (potentially lower fees) but also may limit flexibility in investment choices. Total KiwiSaver FUM in NZ exceeds $100 billion.

Example

A provider with $10 billion FUM is one of the larger providers in NZ. A smaller boutique provider might have $500 million FUM.

Frequently Asked Questions

Is bigger better for KiwiSaver providers?

Not necessarily. Larger providers may have lower fees but smaller providers can be more nimble.

Related Terms

Management FeeDefault Fund
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