Generate KiwiSaver continues strong performances despite volatile 2018

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.