Unit Prices as at 31 May 2018 ($) Focused Growth 1.6771 Growth 1.5930 Conservative 1.3214 |
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In other news
Don't miss out on your free Government cash |
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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. |
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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. |
GOT YOUR ANNUAL $521 ‘GIFT FROM THE GOVERNMENT’?As we start writing the monthly newsletter, foremost in our minds is ensuring that as many of our members as possible receive their full ‘Gift from the Government’ this year. As most KiwiSaver members now know, for every dollar you put in by June 30 each year, you will receive fifty cents from the Government (up to a maximum of $521.43). If you can think of a better, guaranteed return on a thousand dollar investment please let us know! The clock is ticking so if you haven’t already invested this amount into your KiwiSaver account you need to get on to this before 27 June! |
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Performance of Our FundsReturns to 31 May 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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“Sell in May and Go Away?”There is an old adage in financial markets that says: “sell in May and go away.” This is because the period from May to September has historically been a period of very weak returns for global and US equities. For example, the average annualised total return of the S&P 500 during this period since 1988 has been only 3% compared to 11% in the period from October to April. Whilst the adage may again ring true in 2018, there will be plenty of pundits kicking themselves at this stage if they did in fact sell in May. That is because as a whole the month delivered healthy returns for share market investors - particularly those invested in developed markets. |
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A recap of market movements in MayGlobal share markets (or equities) as a whole gained in May although regional performance was mixed. Economic data remained broadly supportive but European politics and fears of a trade war weighed on some markets. |
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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 101Short SellingShort selling (also known as shorting or going short) is the practice of selling an asset that you don’t actually own, in the hope that the price will decline, and you can buy it back in the future at a lower level. You can then keep the difference between the price at which you sold the asset and the lower price you paid to buy it back. |
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Top Holdings as of 31 May 2018Please log in to your account to see your full portfolio breakdown.
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Stock SpotlightSiemens AGSiemens is the largest industrial manufacturing company in Europe. It has operations in around 190 countries and more than 350,000 employees. Siemens has developed many breakthrough technologies over its 170 year history and today offers a wide range of electrical engineering and electronics related products and services. Its products can be broadly divided into the following categories: automation and industrial plant-related products, drives, energy-related products, lighting, medical products; building-related products; and transportation and logistics-related products. What attracted us to the company was its rapidly growing digitisation unit. When Siemens digitises a factory, each piece of equipment in the facility is connected to the internet and so are the goods being produced. This level of connection allows data to be collected and the centralisation of management. These changes drive material improvements in efficiencies and revenues. Factory digitisation is starting to take off in industrial sectors the world over. Siemens is arguably best placed to benefit from this trend. They have a very well established automation business and have been investing heavily in software solutions over the last decade. At the moment, the digital factory division of Siemens makes up just over a quarter of the company’s earnings but we expect this to grow considerably in the years ahead. Next month: Metlifecare |
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