Using the most recent returns from December 2022, we will examine Generate recent KiwiSaver Performance.
Generate KiwiSaver Scheme is wholly New Zealand owned, operating in the sphere of a KiwiSaver specialist. Usually, Generate’s investment decisions are made by an investment committee that is made up of experienced investment professionals located around the world. As of right now, the Generate KiwiSaver scheme managers three funds, with total assets under management of over NZ$2.6b.
In March 2022, investors weighed the implications of the invasion war and the accompanying sanctions on Russia on economic growth, energy prices, and global trade. Overall, this had a significant impact on financial markets throughout the globe.
Table of Contents
News about Generate
Performance of Generate KiwiSaver Funds
Generate Conservative Fund
Generate Growth Fund
Generate Focused Growth Fund
News about Generate
There were 17 funds chosen with Generates KiwiSaver scheme being one of those candidates to be added to the Mindful Money ethical investing platform, which they have dedicated to investing in social housing by supporting the Salvation Army’s social housing bond.
Performance of Generate KiwiSaver Funds
|
1 month |
1 year |
3 years |
5 years |
Since Inception |
|
|
Conservative |
-0.12% |
-0.13% |
4.67% |
5.52% |
5.55% |
|
Growth |
1.08% |
1.56% |
8.54% |
9.63% |
9.16% |
|
Focused Growth |
1.03% |
0.47% |
9.17% |
10.37% |
9.81% |
Sourced from Generate fund performance report
* These returns are to 31 March 2022 and are before tax and after fund management fees. Past performance is not necessarily an indicator of future performance, and return periods may differ.
Note: The following information is sourced from Generate Quarterly Fund updates published in December 2021.
Generate Conservative Fund
The Generate Conservative Fund seeks to deliver a conservative investment return by investing in a mix of actively managed cash, fixed interest, property (including aged care), and infrastructure assets, as well as Australasian equities and international equities. The fund’s volatility ranges from low to medium. The Conservative Fund has had a 1-month and 1-year return of -0.12% and -0.13%, far below the 5-year return of 5.52%. In other words, the fund may be generating returns, but they aren’t quite at the level expected from the benchmark.
*The following is Sourced from Generate Conservative Fund Update
Returns
Fees
The total annual fees for investors in the Generate Conservative fund are 1.21% per year.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows Generate’s top 10 investments in the Conservative KiwiSaver Fund, which make up 22% of the fund.
Generate Growth Fund
The Generate Growth Fund provides a growth investment return over the long-term through investment in a portfolio of actively managed cash, fixed interest, property (including aged care), infrastructure assets, Australasian equities, and international equities. The fund has a medium to high level of volatility. The Growth Fund has had a 1-month and 1-year return of 1.08% and 1.56%, far below the 5-year return of 9.63%. In other words, although the fund is producing returns, they aren’t exactly at the level of the benchmark.
*The following is Sourced from Generate Growth Fund Update
Returns
Fees
The total annual fees for investors in the Generate Growth Fund are 1.42% per year.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows Generate’s top 10 investments in the Growth KiwiSaver Fund, which make up 38.25% of the fund.
Generate Focused Growth Fund
The Generate Focused Growth Fund provides a growth investment return over the long-term through investment in a portfolio of actively managed cash, fixed interest, property (including aged care), infrastructure assets, Australasian equities, and international equities. The fund has a medium to a high level of volatility. The Focused Growth Fund has had a 1-month and 1-year return of 1.03% and 0.47%, far below the 5-year return of 10.37%. This indicates that the fund is generating returns, although at a lower rate than at the inception of the fund.
*The following is Sourced from Generate Focused Growth Fund Update
Returns
Fees
The total annual fees for investors in the Generate Focused Growth Fund are 1.52% per year.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows Generate’s top 10 investments in the Focused Growth KiwiSaver Fund, which make up 46.90% of the fund.
Data for Generate KiwiSaver funds have been sourced from Generate KiwiSaver Funds. Past performance is not necessarily an indicator of future performance, and return periods may differ.
To see if Generate has the appropriate fund that aligns with your values, retirement goals and situation, complete National Capital’s KiwiSaver Healthcheck.