Generate KiwiSaver Scheme
Wednesday 11th May 2016
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.”
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.”
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
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.
-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