Most KiwiSaver providers let their customers choose how their balance is invested, by choosing the fund type to invest their contributions and employer contributions in. The KiwiSaver fund types have different ways of investing money, for example different combinations of cash allocations or shares.
Booster boosts fund options, tweaks settings
The balanced fund joins its Asset Class growth and conservative siblings, which are ultimately managed by US factor-based investment house Dimensional Fund Advisors.