Generate Newsletters
NEWSLETTER AUGUST 2016
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One Year Return to 31 July 2016 (after fees and before tax) Conservative: 8.15%Growth: 3.23% Focused Growth: -1.18% |
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Two Year Return p.a. to 31 July 2016 (after fees and before tax) Conservative: 9.47%Growth: 12.34% Focused Growth: 12.01% |
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Funds under Management as at 31 July 2016: $ 256.9 million |
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Your online account Remember you can see your balance, transactions and returns on your savings via your Generate KiwiSaver Scheme online account. To access it click on “Member Login” at the top of our home page.Should you need to reset your log-in details please click on “Forgot your password/username” and follow the simple instructions. If you have been locked out just email us at info@generatekiwisaver.co.nzand we will unlock it for you as soon as possible. For all the latest KiwiSaver and Generate news and to stay in touch with us, please like us on Facebook and connect with us on LinkedIn! |
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Your Unit Prices as at 31 July 2016 ($) Conservative 1.2402Growth 1.3379 Focused Growth 1.3350 |
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In other news KiwiSavers throw away thousands of dollarsGenerate KiwiSaver Scheme Investment Provider of the Year |
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Contact Us If you have any questions after reading your newsletter, give us a call on 0800 855 322 or email us at info@generatekiwisaver.co.nzand we would be more than happy to help.We thank you for your support. Kind regards, The Generate Team |
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Disclaimer The Generate KiwiSaver Scheme Member Newsletter has been prepared by Generate Investment Management Limited. It is based on information believed to be accurate and reliable although no guarantee can be given that this is the case. Clients, directors or employees of Generate Investment Management Limited may have an interest or holding in companies and securities mentioned in the newsletter. No part of the newsletter is intended as financial advice. For more information about the Scheme please refer to the Generate KiwiSaver Scheme Investment Statement |
| Welcome to the August edition of the Generate KiwiSaver Scheme Newsletter.
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The month that was…July was a terrific month for your KiwiSaver scheme. First up our growth funds bounced back strongly countering the losses from the previous month. Our conservative fund also had a strong month. Second, Generate won the ‘Investment Provider of the Year’ as chosen by the Professional Advisers Association. It is the second year running that we have won the award and is testament to the continuing hard work of our entire team. |
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Warren Buffett WisdomsAfter 50 years at the helm of Berkshire Hathaway (which is typically one of our largest investments for both of our growth funds) Warren Buffett has become widely regarded as the world’s greatest investor. In his annual letters to shareholders, and in various interviews he has given, he has shared many of the lessons he has learned during his career. This month:“Every day, in countless ways, the competitive position of each of our businesses grows either weaker or stronger. If we are delighting customers, eliminating unnecessary costs and improving our products and services, we gain strength. But if we treat customers with indifference or tolerate bloat, our businesses will wither. On a daily basis, the effects of our actions are imperceptible; cumulatively, though, their consequences are enormous…” This quote really resonates with us as it gets to the heart of what Buffett looks for in a business. It is also a maxim that we live by “on a daily basis” in the way we run your Scheme i.e. “be nimble, be lean and look after you as our members!” |
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What’s New in KiwiSaver?Good news for first home buyers as the Government has made it easier to be eligible for the HomeStart grant. Firstly, the maximum income limit has been raised to $85,000 for an individual and to $130,000 for a couple. Secondly, the maximum house price caps have been raised across the country. For further information click here. |
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“Investing 101”Time in the marketAll investments need to be considered in the context of time. Time is particularly important with more volatile investments such as shares. The more volatile the investment, the greater the time required to ‘ride out’ any possible downturns in the investment’s value and maximise long-term returns. The locked in nature of KiwiSaver ensures that most people get to benefit from having time in the market. When a member is close to withdrawing funds from his or her KiwiSaver account - such as for a first home deposit - it can often be wise to have one’s investments in a conservative fund as the member doesn’t have the time available to recoup any potential short term losses. |
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Top Holdings as at 31 July 2016
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International Equities Manager SpotlightWorldwide Healthcare Trust PlcWorldwide Healthcare Trust Plc (WWH) offers a UK-listed opportunity for capital appreciation through a diversified portfolio of worldwide biotechnology, pharmaceutical, healthcare equipment, healthcare technology and healthcare services companies. To maintain its large cap focus, at least 60% of the portfolio must be invested in stocks with a market cap over USD$5 billion. As a counterweight up to 10% of assets can be invested in unquoted companies. Orbimed Capital, the New York based manager of WWH, is the largest independent specialist investor in the biotechnology and pharmaceutical sectors in the world. It employs over 70 investment professionals and has offices in New York, San Francisco, Tel Aviv, Shanghai and Mumbai. Orbimed has assets under management of approximately USD$15 billion. As at 30 June, 2016 WWH had net assets of GBP 970 million and had returned 21.7% p.a. over the last 5 years (in local currency). Next month: Polar Capital Technology Trust |
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Contact usIf you have any questions after reading your newsletter, give us a call on 0800 855 322 or email us at info@generatekiwisaver.co.nz and we would be more than happy to help.We thank you for your support, The Generate Team |
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