Generate Newsletters
Welcome to the November 2021 edition of the Generate KiwiSaver Scheme Newsletter.
Welcome to the November edition of the Generate Member Newsletter. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance of the Generate funds Returns to 31 October 2021 (after fees* and before tax).
*Except the $3 per member per month administration expense that is charged to KiwiSaver members. ** The Generate KiwiSaver Scheme funds opened on 16 April 2013. The Generate Focused Growth Trust opened on 1 November 2019. Note: Past performance is not necessarily an indicator of future performance. Generate’s fund updates can be found here.
Inflation remained the dominant topic across markets in October. Specifically, that inflation is lingering for longer than expected and the potential policy response from global central banks. Interest rate markets experienced volatile moves over the month as the expectation of central bank hikes was priced in. The NZD 2-year rate moved from 1.40% to 2.26; largest one month move since 1999. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Top Holdings as of 31 October 2021 Please log in to your account to see your full portfolio breakdown.
Knowledge Builder – The benefit of compounding returns Albert Einstein once famously said: "Compound interest is the eighth wonder of the world. Compounding returns offer one of the most powerful ways to build wealth. It means earning returns on re-invested returns. Over time, the more returns you re-invest, the more money you have working for you, and the more you can earn. KiwiSaver funds offer a good way to capture compounding returns as all member's returns are re-invested into the member's account. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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