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Unit Prices as at 31 January 2018 ($) Focused Growth 1.6789Growth 1.5816 Conservative 1.2955 |
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Funds under Management as at 31 January 2018: $689.4 million |
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In other news Understanding the highs and lows of KiwiSaver investingGenerate #1 performance in two categories for 2017 |
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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. |
Newsflash - Generate led the pack in 2017!We are delighted to inform you that the Generate Focused Growth Fund and the Generate Growth Fund were the top performing KiwiSaver funds in their respective categories for 2017! We are very proud of this achievement and will be working hard to try to stay ahead of the pack in 2018. |
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Performance of Our FundsReturns to 31 January 2018 (after fees* and before tax).
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The Focused Growth, Growth and Conservative Funds returned 3.15%, 2.08% and -0.05% respectively over the month of January (all returns after fees and before tax). |
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Volatility Strikes Back!2017 was a year that delivered stellar share market returns marked by a remarkable lack of volatility (market ups and downs). In our December newsletter we highlighted that “we certainly are not expecting 2018 to enjoy the same extraordinary returns of 2017.” When the market zoomed higher over the first few weeks of January we were second guessing ourselves - only for the market to turn and (as we write) wipe out most of January’s gains. |
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Source: Bloomberg
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Source: Bloomberg
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Following is a recap of market movements in JanuaryAfter a subdued December markets roared to life in January. |
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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 101Be prepared to walk away |
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Top Holdings as of 31 January 2018Please log in to your account to see your full portfolio breakdown.
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Stock SpotlightArvidaGiven Generate has recently become a substantial holder in Arvida Group (ARV) - meaning we currently own more than 5% the company’s shares - we thought it timely to make Arvida our spotlight stock this month. ARV listed on the NZX in December 2014 following the roll-up of 18 aged care and retirement villages. Through acquisitions this number has now grown to 29 villages and means ARV is one of the largest corporate aged care providers in New Zealand. By having an investment in ARV, KiwiSaver members gain an exposure to the positive industry dynamics at play for aged care and retirement village operators. ARV has future growth prospects primarily centred on brownfield expansion, and via the acquisition of further care-focused retirement facilities. The company has a defensive earnings profile given its heavily ‘needs based’ portfolio. Therefore, ARV’s earnings should be more resilient versus some of its peers in the event of a significant fall in the housing market. Because of its reliable and growing earnings ARV pays an attractive dividend. Next month: Tencent |
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