Over the past quarter, financial markets have been relatively volatile, highlighting the importance of long-term consistency for KiwiSaver investors.
While financial markets fluctuate over the short-term, the latest Morningstar KiwiSaver Survey to 31 December 2025 shows Generate’s Focused Growth and Moderate Funds continuing to rank among the top KiwiSaver funds in their peer categories, reinforcing the value of a disciplined, long-term investment approach.
This quarter’s results reflect that long-term focus.
Generate Focused Growth KiwiSaver Fund continues to be a top performer
The Generate Focused Growth Fund ranked 2nd out of 9 funds in the NZ Multi Sector Aggressive Category this quarter according to the Morningstar KiwiSaver Survey to 31 December 2025.
It delivered a 9.9% 10-year return over the survey period, compared to the category average of 9.5%.
Focused Growth has continued to demonstrate resilience, even as markets adjusted to shifting interest rate expectations and global economic uncertainty. Maintaining a top-two position in its category reinforces the value of staying invested and not being distracted by short-term noise.
Strong outcomes for the Generate Moderate KiwiSaver Fund
The Generate Moderate Fund ranked 2nd out of 14 funds in the NZ Multi Sector Moderate Category this quarter.
It delivered a 5.7% 10-year return to 31 December 2025, compared to the category average of 5%.
Moderate investors typically want a balance between stability and growth. Our expert portfolio managers achieve this through a deliberate asset mix, targeting around 60% income assets and 40% growth assets . Income assets, such as fixed interest and term deposits, aim to provide more stable returns, while growth assets, including equities and property, are used to drive long-term growth.
Generate’s other original KiwiSaver fund, the Growth Fund, also delivered a strong 10-year return to 31 December 2025, ranking 5th out of 17 funds with a return of 8.9%, above the category average of 8.2%.
To view the full Morningstar KiwiSaver Survey to December 2025, click here.
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What this means for investors
While no single quarter defines success, continuing to place among top KiwiSaver funds in their peer group reflects our focus on delivering strong long-term performance for our members.
At Generate, our investment approach is built around long-term performance, active decision-making and risk awareness.
When comparing KiwiSaver funds, it’s important to focus on long-term performance. Any fund can fluctuate quarter to quarter – or even year to year – but when you have a long-term goal such as retirement, what matters most is consistency over a length of time (such as the 10-year period reported in the Morningstar Survey).
History shows that staying the course through market volatility is often one of the most important factors in achieving stronger long-term outcomes, rather than reacting to short-term market movements.
Consistency goes beyond investment performance
Consistency also shows up in how we look after our members.
We’re proud to have been recognised for our customer experience multiple years, including:
• Consumer NZ People’s Choice Award – four years in a row
• Reader’s Digest Trusted Brand – three years in a row
For us, consistency means showing up every day – in how we manage money, how we support members, and how we help New Zealanders feel confident about their long-term savings.