Generate KiwiSaver Scheme
Wednesday 11th May 2016
New milestone
The Generate KiwiSaver Scheme has notched up another major milestone by hitting $200 million of funds under management.
Henry Tongue, Generate’s CEO said: “Generate is very grateful for the support from all its members and advisers in
reaching this milestone. The level of growth stemming from ‘word of mouth’ has been phenomenal and we are working harder
than ever to keep up the high level of service.”
Strong returns
Research firm FundSource recently released its March quarter performance tables. The tables confirmed Generate’s strong
performance against its peers. The Generate Growth and Focused Growth Funds were first and second placed for 2 year
returns out of 25 diversified growth funds. In addition, the Generate Conservative Fund was placed second for its 2 year
return out of 23 diversified defensive funds. Sam Goldwater, Generate’s Portfolio Manager said: “It is great to repay
the confidence our members have placed in Generate. We take the responsibility of managing their retirement savings very
seriously. It’s unrealistic to think we will be topping the tables every year but our focus remains on trying to achieve
strong risk adjusted returns for our members.”
Rapid growth
Many New Zealanders are waking up to the benefits of Generate. With approximately 3,000 new members last quarter,
Generate is growing faster than some of the big Australian bank owned KiwiSaver schemes.
Educating New Zealanders about KiwiSaver
One of Generate's points of difference is that their advisers take the time to sit down and walk clients through the
benefits of KiwiSaver and help them find a fund that suits them. Clients find the process highly valuable with many
moving out of low returning default funds into more age and risk appropriate funds at Generate. As a result Generate has
a vastly lower percentage of its members in its Conservative Fund relative to the market.
About Generate
-Founded in late 2012 Generate is New Zealand owned and operated and is one of the fastest growing KiwiSaver Schemes (by
members).
-Generate outsources international equities to best of breed fund managers, and manages Australasian property (including
aged care), infrastructure, and fixed income in-house.
-Generate has produced some category topping returns with its Growth Fund being the number one performing KiwiSaver fund
in the diversified “Growth” category for calendar years 2014 and 2015.
-In 2015 Generate was awarded Investment Provider of the Year by the Professional Advisers’ Association.
-Generate was awarded “Gold” by SuperRatings for 2016
An investment statement for the Generate KiwiSaver Scheme is available at www.generatekiwisaver.co.nz
ENDS