新西兰基金管理公司 Milford 在位居 KiwiSaver 增长型基金绩效排名榜首约十年后失去了头把交椅，全球科技股抛售拖累了其表现。这一变化反映了市场对人工智能相关股票高估值的广泛担忧。科技股敞口较轻的竞争对手在最新绩效榜单中排名上升。
New Zealand fund manager Milford has lost its top ranking among KiwiSaver growth funds after a decade at the top, as a global sell-off in technology stocks weighed on its performance. The shift reflects broader market jitters over high valuations in artificial intelligence-related shares. Rival providers with lighter tech exposure moved up the latest performance tables.
根据新发布的行业数据，作为新西兰最知名的基金管理公司之一，Milford 因在科技股上的配置比重较大，在近几周全球市场抛售 AI 相关股票时承受了更大冲击，从而被挤出 KiwiSaver 增长型基金绩效排名的首位。
Milford, one of New Zealand's best-known fund managers, has been knocked off the top of the KiwiSaver growth fund performance rankings after holding the position for roughly a decade, according to newly released industry data. The fund's heavier allocation to technology shares left it more exposed when global markets sold off AI-linked stocks in recent weeks.
KiwiSaver 是新西兰的职场退休储蓄计划，像 Milford 这样的增长型基金通常持有大量股票（包括主要科技公司）以追求更高的长期回报。该策略带来了多年的跑赢大盘业绩，但也意味着当市场情绪转而看衰科技板块时（正如在对人工智能支出疑虑加剧之际所发生的那样），波动会更加剧烈。
KiwiSaver is New Zealand's workplace retirement savings scheme, and growth funds like Milford's typically hold a large share of equities, including major technology companies, in pursuit of higher long-term returns. That strategy delivered years of market-beating results, but it also means sharper swings when sentiment turns against the technology sector, as it has done amid growing doubts about artificial intelligence spending.
结果，科技股权重较小的竞争对手 KiwiSaver 供应商在排名中上升。基金管理人表示，短期排名变化可能很快，并敦促储蓄者以更长的周期来评判业绩。
Rival KiwiSaver providers with smaller technology weightings moved up the rankings as a result. Fund managers have said short-term rankings can shift quickly and urged savers to judge performance over longer periods.