Why are ‘My Returns’ different from ‘Investment Returns’?

The two figures can differ because they measure different things.

• ‘Investment Returns’ uses a Time Weighted Return (TWR) methodology, which assumes money was invested throughout the entire period and excludes the impact of deposits and withdrawals.
• ‘My Returns’, on the other hand, utilises the Extended Internal Rate of Return (XIRR) methodology, which reflects the size and timing of when your money was actually invested.

For example, imagine a Fund delivered a return of +20% during the first half of the year and -10% during […]

Should I use ‘My Returns’ or ‘Investment Returns’?

Both measures are useful, but they serve different purposes.

‘My Returns’ is generally the best measure if you want to understand how your wealth has grown over time. Because it takes into account the timing and size of your contributions, withdrawals and transactions, it reflects the ‘real world’ return that you personally experienced as an investor.

‘Investment Returns’ is useful when you want to assess the performance of the underlying funds themselves. Because it removes the impact of investor cash flows, it provides a more […]

How is performance calculated?

InvestNow provides two different ways of viewing portfolio-level performance:

• ‘My Returns’ uses a methodology called Extended Internal Rate of Return (XIRR). This calculation takes into account not only how your investments performed, but also when money was added or withdrawn from your portfolio. As a result, it reflects the actual growth of your money over time and represents your ‘real world’ investment experience
• ‘Investment Returns’ uses a methodology called Time Weighted Return (TWR). This removes the impact of money movements into and out of a fund and […]
  

Where can I see the performance of my investments?

You can view the performance of your investments by navigating to the ‘Performance’ tab within your InvestNow account.
By default, the ‘Performance tab’ displays the performance of your selected portfolio over the past 12 months using the ‘My Returns’ or Extended Internal Rate of Return (XIRR) calculation methodology, which reflects your personal or ‘real world’ returns generated from your investments.

You can customise the performance information displayed using the ‘Filter’ menu at the top of the ‘Performance’ tab. This allows you to:

• select different […]
  

Following consultation with the specific bank, you may be able to break your Term Deposit (TD) and have your funds returned to your Transaction Account.  Please note that there may be fees charged by the bank and our custodian to process any approved break request.

The following steps apply to all requests to break TDs:

1. Contact us on 0800 499 466 or via contact@investnow.co.nz, with details of the TD you wish to break.
2. We will obtain a quote from the bank your TD is with, to determine any break fee […]