If you have any questions after reading your newsletter, give us a call on 0800 855 322 or email us at email@example.com and we would be more than happy to help.
We thank you for your support.
The Generate Team
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 January edition of the Generate Member Newsletter.
We hope you enjoyed the long Waitangi weekend.
With markets selling off in January we know some members are getting nervous about how much exposure their KiwiSaver fund has to share markets. We recommend that members “stay the course” as volatility in share markets is to be expected and gives their fund the opportunity to make investments at more attractive prices. We are firm believers in the mantra that “volatility is the price we pay for long-term outperformance of equities over bonds.”
Recently KiwiSaver members who are still in default funds were moved from conservative to balanced as part of the Government’s shake up of default funds*. Whilst this is an improvement, KiwiSaver is a long term investment and we believe growth funds are more suitable for most members who have time on their side. If you have any friends or family who are in a default fund and would like to speak to an adviser about our growth funds then please give us a call. For referring your friends we’ll also put you in the draw to win $4000 worth of travel or entertainment vouchers – see details below.
*This does not apply to Generate members
Returns to 31 January 2022 (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
Top Holdings as of 31 January 2021
In other news...