Established in 2013, Generate is an active fund manager investing in leading companies in New Zealand and overseas.
The company is regularly recognised for its award winning KiwiSaver service, including the 2023 Consumer NZ People’s Choice Award for KiwiSaver, the Reader’s Digest Quality Service Award for Superannuation and a Trusted Brand Award for KiwiSaver.
Generates funds consistently rank highly for long-term performance in the quarterly Morningstar KiwiSaver report. The Scheme’s three original funds, the Focused Growth, Growth and Moderate fund, have all placed in the top two of their respective categories for 10-year performance in the latest June quarter Morningstar Survey.
The investment team carry out extensive research on all prospective investments. They then actively monitor the performance of the selected investments to ensure they meet their high standards. Australasian equities are predominately made up of listed securities on the NZX and ASX. International equities are made up of direct investment in international stocks, as well as through some of the best fund managers in the world. These fund managers are selected due to their quality, scale, resourcing and expertise – which is generally not available in New Zealand. They include Warren Buffet’s Berkshire Hathaway, US based T.Rowe Price and Australian investment manager Magellan Asset Management. Where appropriate derivative contracts are used to manage foreign exchange risk (predominantly forward exchange contracts), interest rate risk (predominantly interest rate swaps) and share market risk (predominantly future and/or options).
Funds are invested in a way that incorporate environmental, social and governance (ESG) issues, manage risk, and generate sustainable long-term returns. Generate believes that proactively managing ESG issues will deliver stronger long-term investment returns. In line with these principles, Generate is a signatory to the United Nations Principles for Responsible Investment (UNPRI).
All of Generate’s funds have been recognised officially as ‘Mindful Funds’ by Mindful Money. Mindful Money is an independent New Zealand charity that tracks and compares KiwiSaver and investment providers based on their responsible standards.