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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 May edition of the Generate Member Newsletter.
The countdown is on for the launch of our new funds! Both our members and advisers have told us that they would like a larger range of Generate KiwiSaver and (non-KiwiSaver) investment funds. So that is exactly what we are doing with the launch of 5 new funds from the 16th of May.
A broader range of investment options means you can access funds that cater for all levels of risk aversion. For example, we are launching a new Defensive Fund which has a Target Asset Allocation to equities of zero. This fund would be ideal for members who plan to take out their KiwiSaver savings for a first home deposit in the near future, as it will have very low volatility.
You may like to talk to your Generate Adviser about which fund is right for you, or you can contact us at email@example.com. See more details on our new funds below.
Performance of the Generate Funds
Share markets struggled in April and this was reflected in the performance of the funds. The Focused Growth Fund declined -4.05%, the Focused Growth Trust -4.04%, the Growth Fund -2.78%, and the Conservative Fund -1.50% in April.
Returns to 30 April 2022 (after fees* and before tax).
3 Year (p.a.)
5 Year (p.a.)
Focused Growth Fund
Focused Growth Trust
*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
Global markets had a challenging month with negative returns across the vast majority of asset classes. The US stock market declined 8.8% and bond prices continued to fall. The market faced multiple headwinds over the month including continued COVID-19 restrictions in China, ongoing war in Ukraine, economic caution due to increasing interest rates and lacklustre US corporate earnings...
Top Holdings as of 30 April 2021
T Rowe Price Global Equity Fund
Magellan Global Fund
Worldwide Healthcare Trust
|European Opportunities Trust|
|Magellan Global Fund (Closed Class)|
Property and Infrastructure
Westpac Term Deposits
Investore Property Bonds
Contact Energy Bonds