Generate Tops KiwiSaver Charts for June Quarter

The growth fund delivered 6.1% for the latest quarter and, while it ranked fifth out of 15 funds over the year ended June with an 11% return, it was also the best performer over three years with a 13.1% annual return and was second over five and 10 years with annual returns of 9.2% and 8.5% respectively.

Milford’s $7.09 billion growth fund was second-best performer in the three months with a 5.7% return and it was the best performer over one, five and 10 years.
MJW classifies funds with between 66% and 85% of growth assets as growth funds.

Generate’s moderate fund delivered a 4.4% return over the latest three months and was second-best performer out of 12 funds in the year ended June with a 9.5% return. It was the best performer over three years with an 8.5% annual return, second over five years with a 5.5% annual return and first over 10 years with a 5.7% annual return.

MJW designates funds with between 30% and 49% of growth assets as moderate.