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In other news Adrian Orr says Reserve Bank only has 'bit role' in unsustainable house prices | Stuff.co.nz Remember you can see your balance, transactions, holdings and returns on your savings via your Generate online account. To access it click on “Member Login” at the top of our home page. Should you need to reset your login details please click on “forgot your password” and follow the simple instructions. | ||
Contact Us If you have any questions after reading your newsletter, give us a call on 0800 855 322 or email us at info@generatewealth.co.nz and we would be more than happy to help. We thank you for your support. The Generate Team |
Disclaimer The Generate 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. To see our Financial Advice Disclosure Statement, please see, For more information about the Generate KiwiSaver Scheme please refer to the Generate KiwiSaver Scheme Product Disclosure Statement. For more information about the Generate Focused Growth Trust please refer to the Generate Unit Trust Scheme Product Disclosure Statement. The issuer of both schemes is Generate Investment Management Limited, and the Product Disclosure Statements are available at generatewealth.co.nz. |
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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