Fund Manager of the Year nominees announced

ANZ and its recent acquisition National Bank dominate the nominations in this year's FundSource Fund Manager of the Year Awards.

Friday, October 21st 2005, 3:27AM

Tower is defending its position as FundSource Fund Manager of the Year award against ING and its recently acquired funds management subsidiary National Bank.

The finalists for the awards, which are split into two groups – overall fund manager of the year, and 10 individual sector awards - have just been announced.

While it is unclear who is the likely to win the overall award, the NBNZ clearly is the hot favourite to scoop the sector awards with seven nominations across the 10 individual sectors.

ING has the next highest number of nominations with four in total. Tower and Guardian Trust have two each, however Asteron (which is related to Guardian Trust) also has one.

Like last year there are no nominations for the international fixed interest and two sectors are already decided – international shares and the defensive balanced funds. Tower’s Global Gateway fund is the only nominee in the former, while NBNZ’s Thoroughbred conservative trust is the sole finalist in the latter sector.

Also a trend which has been emerging is for the mortgage sector to be dominated by the regional mortgage trusts. The winners will be announced on October 28.

Fund manager of the year
ING National Bank TOWER Managed Funds
NZ Cash
AXA	AXA Cash Management
Guardian Trust	Guardian CashPlus Fund
National Bank	Thoroughbred Cash Fund
NZ Mortgages
First Mortgage	First Mortgage Trust
Fund Managers Auckland	Auckland Mortgage Trust
Fund Managers Canterbury	Canterbury Mortgage Trust
NZ Property
ING	ING Property Securities Fund
Guardian Trust Financial Services	Guardian Property Fund
NZ Equity
ING	ING New Zealand Share Fund
TOWER Managed Funds	TOWER NZ Equity Trust
National Bank	Thoroughbred NZ Equity Growth Trust
International shares
TOWER Managed Funds	GAM Global Gateway Fund
NZ Fixed Interest
Asteron Life	Asteron Corporate Bond Trust
National Bank of New Zealand	Thoroughbred Corporate Bond Trust
International Fixed Interest
No nominees
Diversified funds – balanced
ING ING (NZ) Ltd	ING Balanced Fund
National Bank of New Zealand	Thoroughbred Balanced Trust
ING	ANZ Balanced Growth Fund
Diversified funds – defensive
National Bank	Thoroughbred Conservative Trust
Diversified funds - growth
National Bank	Thoroughbred Growth Flexible
National Bank	Thoroughbred Growth Trust
Public Trust	Public Trust Growth Priority Fund