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Unit Prices as at 30 November 2017 ($) Focused Growth 1.6265Growth 1.5438 Conservative 1.2876 |
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Funds under Management as at 30 November 2017: $631.1 million |
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In other news Our Portfolio Manager looks back on 20 years in the industryFundSource KiwiSaver Performance Tables |
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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” and follow the simple instructions. |
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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.nz and we would be more than happy to help.We thank you for your support. 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 Product Disclosure Statement. |
Generate KiwiSaver Newsletter - December 2017Welcome to the December edition of the Generate KiwiSaver Scheme Newsletter. After a very strong month of returns (as was the case in October) it is quite common to see the funds give back some of the gains the following month. However, this was not the case with all 3 funds delivering solid returns in the month of November. More on this later… |
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Performance of Our FundsReturns to 30 November 2017 (after fees* and before tax).
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Cryptocurrency Craziness?There has been a lot of talk about cryptocurrencies this year but in recent weeks this has reached somewhat of a fervour. The views of prominent investors and the daily price movements of bitcoin (the most well known cryptocurrency) have been splashed all over the financial media. |
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The tulip bubble got so inflated that by the time it burst some tulip bulbs were fetching a price that could have bought the proud bulb owner one of the grandest houses on the most sought after canal in Amsterdam! What were they smoking...
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Although we remain positive on equities we certainly are not expecting 2018 to enjoy the same extraordinary returns of 2017. But if equities can deliver high single digit returns next year then they are likely to remain the place to be.
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Following is a recap of market movements in NovemberGlobal share markets (or equities) made further gains in November as synchronised global growth, solid corporate earnings and progress on the tax reform proposal in the US provided a tailwind for risk assets. The MSCI All Country World Index returned 1.1% over the month (in local currencies). |
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Warren Buffett wisdomsAfter 50 years at the helm of Berkshire Hathaway (which is currently one of the largest investments for both of our growth funds) Warren Buffett has become widely regarded as one of the world’s greatest investors. 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: |
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Investing 101Geared investments can increase gains AND losses |
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Top Holdings as of 30 November 2017Please log in to your account to see your full portfolio breakdown.
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Large Cap International Stock SpotlightAlibabaWith the changes to our investment mandate that we have written about in recent newsletters we have now made 6 direct investments into large cap international stocks. They are Alphabet, Alibaba, Apple, Facebook, Ping An Insurance and Tencent. This month we want to focus on Alibaba - the Chinese ecommerce giant. Alibaba was established in 1999 by 18 people led by the inspirational Jack Ma, a former English teacher from Hangzhou. From the outset, the company’s founders shared a belief that the internet would level the playing field by enabling small enterprises to leverage innovation and technology to grow and compete more effectively in the domestic and global economies. Since launching its first website helping small Chinese exporters, manufacturers and entrepreneurs to sell internationally, Alibaba has grown into a global leader in online and mobile commerce. Today the company and its related companies operate leading wholesale and retail online marketplaces as well as businesses in cloud computing, digital media and entertainment, and innovation initiatives. The company is one of the world’s most valuable retailers and as of last month had over 550 million monthly active users. Alibaba also orchestrated China's Singles' Day into the world's biggest online and offline shopping day, with its own sales reaching over US$25.4 billion on 11 November 2017. During the festival, Alibaba set a world record for payment transactions, with its mobile wallet app Alipay processing 256,000 payment transactions per second. Next month: Tencent |
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