About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Wednesday, July 17th, 6:31PM
Latest Headlines

Generate KiwiSaver continues strong performances despite volatile 2018

While 2018 was a volatile year for KiwiSaver funds, all three Generate funds performed strongly versus the competition over the year and the past five years, according to leading investment research provider Morningstar.

Monday, February 25th 2019, 10:18AM

Lead Portfolio Manager Sam Goldwater commended the survey results, noting: “As a New Zealand owned and operated KiwiSaver specialist we are proud of these results which are measured on a net return after fees basis. This means that our members received not only great relative performance but most importantly, excellent value for money.”

Performance highlights from Morningstar’s KiwiSaver Survey Report - 31 December 2018 (released February 2019):

  • Generate Focused Growth Fund ranked 1st out of 10 for 2018 and 1st out of 7 for the past five years in the Morningstar KiwiSaver Multi Sector Aggressive category.
  • Generate Growth Fund ranked 3rd out of 27 for 2018 and 3rd out of 21 for the past five years in the Morningstar KiwiSaver Multi Sector Growth category.
  • Generate Conservative Fund ranked 1st out of 19 for 2018 and 2nd out of 12 for the past five years in the Morningstar Multi Sector KiwiSaver Moderate category.

Generate’s strong performance, straight-forward client advice and high service levels have helped make it the fastest growing KiwiSaver scheme over the past five years*. It is currently the 10th largest by number of members and manages approximately $1.1 billion of investments for its members**. These aforementioned factors have also helped Generate to receive Gold KiwiSaver status from SuperRatings every year from 2016 to 2019^.

CEO Henry Tongue says a key part of Generate’s offering has been providing simple and effective KiwiSaver advice to everyone who joins. As a result, Generate has more members in growth funds than nearly any other scheme. With more than $500m now invested in the Focused Growth Fund and a track record of 9.3% per annum after fees over the past five years, many Generate members are significantly better off, especially if they have transferred in from a default fund.

“We have prioritised educating and empowering all our members so they can make smart financial decisions and we have followed up by providing great service and performance.”

Tongue says Generate has become known for “being good” to its KiwiSaver members.

“Ninety-six per cent of new members say we provide them with valuable information and that talking with us was an excellent use of their time,” he says. “One of the most common feedback comments we get is “why didn’t someone tell me this sooner?!”^^.

Goldwater adds that 2018 was a notably “tough year” for the global equity market with international funds vulnerable particularly in the last quarter. However, Generate continued to produce strong relative performance.

“We’re delighted for our members that our funds continued to stack up very well against their KiwiSaver peers. Our active management style and hands-on approach certainly helped us in this endeavour.”

The Generate team are experts in KiwiSaver. They would love to hear from you to help you ensure your clients are getting the most out of KiwiSaver. Please contact Carl Pheasant at carl@generatekiwisaver.co.nz.


*Based on percentage growth of members and funds under management. **Workplace Savings Quarterly KiwiSaver Survey Sep 18. ^SuperRatings does not issue, sell, guarantee or underwrite this product. Go to superratings.com.au for details of its ratings criteria. ^^Generate New Member survey up to Dec 18.

A copy of our PDS is available here. Generate Investment Management Ltd if the issuer of the Generate KiwiSaver Scheme.


© 2019 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser.

Tags: Generate KiwiSaver

« Concerns KiwiSaver bill could be stoppedResearchers: Keep CGT out of retirement savings »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment



Printable version  


Email to a friend
News Bites
Latest Comments
  • Call to ensure efficient advice licensing
    “@all Put your cheque books away - no need to pay the lawyers to do the research to provide an opinion...... In my old...”
    7 hours ago by Murray Weatherston
  • Call to ensure efficient advice licensing
    “Further reading - Kinsington Swan in February 2018 https://www.kensingtonswan.com/news-updates-and-events/financial-advice-reforms-insights-series-14-penalties-enforcement-complaints-and-disciplinary-matters/...”
    13 hours ago by all hat, no cattle
  • Call to ensure efficient advice licensing
    “MPT and Murray this might help https://www.fma.govt.nz/assets/Fact-sheets/Who-will-need-a-licence-to-provide-financial-advice...”
    13 hours ago by all hat, no cattle
  • Call to ensure efficient advice licensing
    “Thanks Murray, it seems we are on the same page. Be great if the regulators could confirm or not. AHNC, I agree I dont...”
    15 hours ago by MPT Heretic
  • Call to ensure efficient advice licensing
    “And if all that hasn't done your head in, consider these consequences: 1. How will the poor old consumer (in whose name...”
    15 hours ago by Murray Weatherston
Subscribe Now

News and information about KiwiSaver

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.69 4.35 4.35 4.55
ANZ Special - 3.85 3.85 4.05
ASB Bank 5.70 4.29 4.35 4.55
ASB Bank Special - 3.89 3.85 4.05
BNZ - Classic - 3.85 3.85 4.05
BNZ - Mortgage One 6.40 - - -
BNZ - Rapid Repay 5.85 - - -
BNZ - Std, FlyBuys 5.80 4.69 4.59 4.79
BNZ - TotalMoney 5.80 - - -
Credit Union Auckland 5.95 - - -
Credit Union Baywide 6.15 4.95 4.95 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.60 4.75 -
Housing NZ Corp 5.80 4.69 4.49 4.45
HSBC Premier 5.89 3.79 3.79 3.89
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.65 3.85 3.95 3.89
Kiwibank 5.80 4.60 ▼4.60 ▼4.74
Kiwibank - Capped - - - -
Kiwibank - Offset 5.65 - - -
Kiwibank Special - 3.85 ▼3.85 ▼3.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 4.89 4.99 -
Resimac 5.30 4.86 4.14 4.19
RESIMAC Special - - - -
SBS Bank 5.79 4.85 5.05 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 3.85 3.85 3.99
Sovereign 5.80 4.29 4.35 4.55
Sovereign Special - 3.89 3.85 4.05
The Co-operative Bank - Owner Occ 5.65 3.89 3.89 4.05
The Co-operative Bank - Standard 5.65 4.39 4.39 4.55
TSB Bank 5.69 4.45 4.35 4.55
TSB Special - 3.95 3.85 4.05
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.79 4.69 4.79 5.19
Westpac - Offset 5.79 - - -
Westpac Special - 3.85 3.85 4.05
Median 5.80 4.35 4.35 4.19

Last updated: 15 July 2019 9:47am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%


About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and eyelovedesign.com