Generate Newsletters

Welcome back to the Generate KiwiSaver Scheme Newsletter. We hope the summer has been treating you well.

The sun has certainly been shining on our growth funds. The Generate Growth Fund was the best performing growth fund in 2014 out of 26 KiwiSaver growth funds as ranked by a major international investment research company. In addition, the Generate Focused Growth Fund ranked 2nd out of 10 KiwiSaver aggressive growth funds (whilst the Conservative Fund ranked 8th out of 17) See the full report for more detail

January saw some significant market moving events emanate out of Europe. Firstly, the Swiss National Bank (SNB) dropped its cap on the value of the Swiss Franc versus the Euro. This led to a whopping 30% intraday gain in the Swiss Franc against the Euro. Given only days prior to this SNB officials had stated that the cap was an SNB policy cornerstone you can see why the announcement caught the market off guard! >>MORE

The strong performance from 2014 has continued in 2015 with all 3 funds posting their best ever month in January. The Conservative, Growth and Focused Growth Funds returned 1.89%, 3.70% and 4.14% respectively (after fees and before tax).
For the year to January 31 the Conservative, Growth and Focused Growth Funds have returned 11.07%. 18.28% and 20.14% respectively (after fees and before tax). >>MORE

Top Holdings

Conservative Fund	Growth Fund	Focused Growth Fund
International Equities Managers
N/A	Berkshire Hathaway	Berkshire Hathaway
N/A	Magellan Global Fund	Magekkan Global Fund
N/A	Worldwide Healthcare Trust	Worldwide Healthacre Trust
N/A	T Rowe Price Global Equity Fund	T Rowe Price Global Equity Fund
N/A	Polar Capital Technology Trust	Polar Capital Technology Trust
Property and Infrastructure
Infratil Limited	Infratil Limited	Infratil Limited
Ryman Healthcare	Ryman Healthcare	Ryman Healthcare
Summerset Group	Summerset Group	Summerset Group
Z Energy	Z Energy	Z Energy
Metlifecare Limited	Metlifecare Limited	Metlifecare Limited
Fixed Income and Cash
Term Deposits	Term Deposits	Cash & Cash Equivalents
Cash & Cash Equivalents	Cash & Cash Equivalents	N/A
Fonterra Capital Notes	Trustpower Dec 2021 Bonds	N/A
ANZ Perpetual Bonds	Z Energy Oct 2016 Bonds	N/A
Trust Power Dec 2021 Bonds	The Warhouse Jun 2015 Bonds	N/A

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NEWSLETTER FEBRUARY 2015

Top Holdings

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