Fund Manager of the Year Award Nominees
Five managers are in the running for this year's FundSource Fund Manager of the Year Award, including three past winners.
Tuesday, October 23rd 2001, 10:11PM
Armstrong Jones and BNZ Investment Management are competing for the overall gong against past winners, BT Funds Management, AMP Henderson and Tower Asset Management.
The winner of the 10th annual FundSource award will be announced on Friday morning.
FundSource determines the overall winner by analysing a manager's past performance. With each manager it takes a representative fund from each of the four main asset classes, then calculates the value add in each six month period up to June 30.
Once the average value add over this period is calculated for each fund, the scores are added up on a weighted basis with diversified funds accounting for 40%, international shares 30% and bonds/income and NZ/Australian shares 15% each.
The manager with the highest performance rating is crowned the overall winner.
Besides the overall winner there is hot competition in the New Zealand and international equities sectors where there are four nominations each. All the other sectors have just two nominees. The exception being in diversified defensive funds where there are no nominees.
NZ Funds Management has the most nominations for sector prizes (four), however it is barred from entering the overall award because it contracts asset allocation and manager selection to FundSource.
AMP, BNZ, BT, and Tower all have three sector nominations, while Guardian Trust/Royal & SunAlliance have two and AXA and AJ have one each.
A full list of nominees follows:
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Fund Manager of the Year - Nominees |
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AMP Henderson Global Investors Armstrong Jones BNZ Investment Management BT Funds Management Tower Asset Management |
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Fund Sector Award - Nominees |
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NZ Cash and Mortgages |
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Guardian Trust Funds Management |
Guardian Mortgage Fund |
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Tower Managed Funds |
Tower MortgagePlus |
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NZ Property |
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Armstrong Jones |
AJ Property Securities Fund |
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NZ Funds Management |
NZ Funds Property & Infrastructure Trust |
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NZ Equity |
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AXA New Zealand |
AXA Select Equities Trust |
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BNZ Investments and Insurance |
BNZ NZ Equities Discovery Trust |
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BT Funds Management |
BT NZ Plus Share Fund |
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NZ Funds Management |
NZ Funds NZ Equity Trust |
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International Equity |
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AMP Financial Services |
AMP International Shares Trust |
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BNZ Investments and Insurance |
BNZ International Equity Trust |
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Tower Managed Funds |
Tower GAM Global Gateway Fund |
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NZ Funds Management |
NZ Funds Global Blue Chip Trust |
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NZ Fixed Interest |
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Tower Managed Funds |
Tower SuperPlus Income Fund |
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Royal & SunAlliance |
RSA NZ Fixed Interest Fund |
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International Fixed Interest |
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BNZ Investments and Insurance |
BNZ International Bond Trust |
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BT Funds Management |
BT NZ - Global Bond Fund |
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Diversified Balanced |
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NZ Funds Management |
NZ Funds Balanced Trust |
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AMP Financial Services |
AMP Balanced Trust |
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Diversified Defensive |
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No Nominees |
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Diversified Growth |
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BT Funds Management |
BT NZ - Managed Growth Fund |
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AMP Financial Services |
AMP Dynamic Bond |
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Note: NZ Funds Management, which contracts asset allocation and fund manager selection to FundSource, was not considered for the Fund Manager of the Year Award. |
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