Generate's KiwiSaver funds got their turn in the sun in the June quarter

But it was lean pickings for the Milford and Fisher funds with current market performances clearly not favouring their investment styles, according to the latest Mercer Jessup Weaver survey.

Generate’s $500 million balanced fund returned 9.9% for the latest quarter, although its 11.6% return for the year ended June placed it 11th out of the 16 funds measured.

Generate’s $838 million moderate fund delivered the highest return for its class of 7.9% in the latest quarter, with the annual return of 8.9% ranking it 7th of 12 funds.

Generate’s $179 million conservative fund returned 5.5% for the three months, earning it the best performer slot, while its 6.6% annual return earned it 7th place out of 17 funds.