December was a downer but dynamic duo defeat KiwiSaver depression

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Just two of the 13 largest KiwiSaver providers eked out positive net growth over the tough December quarter, likely buoyed by new member transfers rather than investment returns.

According to the latest data from Australian research house Strategic Insight (SI), Generate KiwiSaver was one of two providers that saw funds under management (FUM) grow during the three months up to December 31 last year, up 2.6 per cent – also jumping above $1 billion for the first time.

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