JUNO Funds - Takapuna
3.6/5
★
based on 8 reviews
Contact JUNO Funds
| Address : | JUNO Funds 1 Byron Avenue, Takapuna, Auckland 0622, New Zealand |
| Phone : | 📞 +887 |
| Postal code : | 0622 |
| Website : | https://www.junofunds.co.nz/ |
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Michael Hagger on Google
★ ★ ★ ★ ★ After purchasing my first home over 2 years ago, I'm stoked to see how quickly my balance has bounced back since withdrawing. The returns have been insane compared to the bank I was with before - not too mention the fees are way lower! Wish I'd switched sooner as I would have had my house sooner. Highly reccomend - best value for money KiwiSaver provider on the market in my opinion.
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Madan Kumar on Google
★ ★ ★ ★ ★ My biggest disappointment with Juno after I changed to it last year is not the recent poor returns. I get that the returns fluctuate short term and if one is in a growth fund, it is has to be evaluated over long term of 5+ years at least. No, my problem is what I perceive to be lack of transparency and clear information about the fund. They do not release the fund NAV's and the number of units one is holding. When I inquired about this, I was directed to Bloomberg website to know the NAV. I do not agree that I need to visit a third party website to know about the fund I have invested in. I also brought this up in their survey and so far haven't had any response. I like to know a little about my fund and how it is tracking, and sadly Juno provides very little information. Their website itself looks like it's been designed for primary school kids. We moved to the fund hearing about their claims of active fund management for relative low fees. I have faith Juno will deliver impressive returns long term, unlike so many others who complain about the returns after being in the fund for a few months. I intend to stay with Juno, but the lack of basic information is very frustrating.
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Ashish Sharma on Google
★ ★ ★ ★ ★ What is wrong going with just your kiwisavers, Asked many people with banks. There returns are still in Positive.
Planning to move my funds to bank. Regretting moving my funds to JUNO. ALERT for everyone who is thinking to move with JUNO.
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Priscilla Brooking on Google
★ ★ ★ ★ ★ Moved my kiwisaver to Juno in Feb 2021 - it is okay but not really so much better. Monthly fees advertised at $5 a month soon moved to $8 a month and that is a considerable increase... 60%? Returns on par with my superannuation account (which I never moved to Juno). I think caution is required here - they are good at spinning but not necessarily that phenomenal on results so far.
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C L (VL) on Google
★ ★ ★ ★ ★ Upon reading other recent reviews here, it seemed we were all in the same page. It seemed I made a big mistake in joining Juno. I started joining in Feb 2021 and now I'm getting negative instead of earning something.
To those thinking about putting your kiwisaver here, you'll need to think carefully and check recent reviews here in Google to get an idea.
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Mathew Boon on Google
★ ★ ★ ★ ★ Was with Juno growth fund from early 2021. During 2021 the returns where very poor compared to my wife's kiwisaver over this year. Often being only a slight increase of what I put in to start with. Then started dropping significantly in 2022. This was completely understandable with the share market situation and political environment, however the returns for 2021 where very sub par compared to other funds. I would not recommend Juno to anyone looking to switch funds. I just have and am out of pocket substantially.
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QJ Li on Google
★ ★ ★ ★ ★ Do not join JUNO. I switched our kids accounts to JUNO since last July 2021, the balance went down about 10% instead of increasing. Our other kiwisaver account in ANZ have increased about 20%, I seriously do not know where the heck these people are investing and very disappointed for their asset allocation. Seriously anyone would invest better than them.
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Demelza Murphy on Google
★ ★ ★ ★ ★ My experience mirrors Matthew Boon's. I transferred to Juno's growth fund in Feb 2021. As at 24 Feb 2022 (date of the unjustified Russian attack on Ukraine), Juno's return was -$17,555.45. My partner has an equivalent growth fund (same risk level and very similar portfolio) with another provider that has continued to return over the same period, albeit at a lower level. To clarify, his growth fund has not sustained any losses. I was prepared for financial growth market volatility. I was not prepared for aggressive style, sustained volatility. In fairness to their customers, Juno should consider reassessing their fund risk levels as they don't make sense compared to other funds risk vs performance. How long do I give Juno? A short few weeks later, the losses are now $24,878 and I have less money in the account than what I transferred in Feb 2021. Given I was considering a switch in Nov 2021 after a poor $1,800 return over the year, I'm still conflicted about my decision to stay and hopeful they'll turn it around. If you are contemplating switching to Juno, be prepared for an actively managed fund rollercoaster.
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