Unit Prices as at 30 November 2018 ($) Focused Growth 1.6536Growth 1.5925 Conservative 1.3424 |
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Funds under Management as at 30 November 2018: $1.016 billion |
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In other news Power Women 2018Uber is Headed for a Crash |
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Your online account Remember you can see your balance, transactions, holdings 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. |
Welcome to the December Edition of the Generate KiwiSaver Scheme Newsletter. Geopolitical developments were again at the fore in November. Hope for an easing in the trade war between the US and China and some more accommodative language from the Fed saw a reprieve from the losses sustained in October. More on that later.
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Performance of Our FundsReturns to 30 November 2018 (after fees* and before tax).
**the funds opened on 16 April 2013 Note: Past performance is not necessarily an indicator of future performance. |
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Please take a short survey...If we offered Managed Funds that invest the same way as our KiwiSaver funds would you be likely to invest? If so how much? (Click one)$1,000 - $10,000 $10,000 - $25,000 $25,000 - $50,000 More than $50,000 |
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Sentiment was again swung around by geopolitical developments and central bank comments in the month of November. Whether it was the US/China trade war, ongoing Brexit negotiations, Italy at loggerheads with the wider EU over its budget plans or the Fed appearing to be more dovish there was “something for everyone.” Fundamentals such as the US and European earnings seasons felt like a mere sideshow. The net result was positive share market movements for our two key markets - those being the New Zealand and the US share markets.
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Recap of market movements in NovemberGlobal equities (share markets) continued to be volatile in November. However, positive developments and investor optimism towards the end of the month led to a positive performance with the MSCI All Country World Index returning 1.2% (in local currencies). |
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Warren Buffett wisdomsWe are going to take a break from Warren this month and instead quote Charlie Munger – Buffet’s long-time friend and lieutenant at Berkshire Hathaway: |
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Investing 101Geared investments can increase gains AND losses |
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Top Holdings as of 30 November 2018Please log in to your account to see your full portfolio breakdown.
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Stock SpotlightContact EnergyContact Energy is a diversified energy company focused on the generation of electricity and the sale of electricity and gas in New Zealand. The company started out in 1996 as a State-Owned Enterprise but was privatised 3 years later. Today Contact Energy is the second largest electricity generator in the country and also has the second largest market share of electricity retailing. Its generation fleet is made up of 5 geothermal power stations (clustered around the Taupo area), 4 thermal power stations (scattered throughout the central North Island) and 2 hydroelectric power stations (both in the lower South Island). In the last financial year 80% of the electricity the company produced was from renewable sources. The electricity produced by Contact’s thermal power stations supports New Zealand’s electricity market during periods of high demand and/or low supply. As you can see in the table above Contact Energy is one of our largest property and infrastructure investments. We like its diversified and defensive earnings streams and the fact it has growth options up its sleeve should increasing demand justify investing for growth. In volatile times the certainty that companies like Contact Energy provides tends to be highly valued by investors. Next edition: Summerset Group Holdings Happy Holidays The newsletter will be taking a break in January. We wish all of our members (and non-member readers!) a happy and safe holiday season. |
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