In other news
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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 [insert link], 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 December edition of the Generate Member Newsletter.
Performance of the Generate funds
Returns to 30 November 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 [add link to website].
Top Holdings as of 30 November 2021
In other news, we've won three awards!
Knowledge Builder – Green Bonds
For those not familiar with bonds, they are similar to term deposits. They typically have both a fixed term and a fixed rate of return. But bonds are often issued by companies and governments rather than just banks, and they can be sold on a secondary market if the investor needs the money.
Green bonds are issued to fund investments that reduce carbon emissions or have other environmental benefits. Investors that want to improve the Environmental, Social and Governance (ESG) credentials of their portfolios can invest in these bonds.
The first green bond was issued by the World Bank in 2008, and since then the growing importance of ESG considerations in investments has seen the size of the green bond market expand dramatically. Robeco estimated that the total size of the market was €700bn earlier this year.
This trend has not escaped New Zealand. Electricity generators and real estate investment trusts have recently issued green bonds, taking advantage of the lower interest rates that investors accept for these bonds.