Fund Manager of the Year nominees announced

AXA has joined two of last year's winners in the nominations for the FundSource 2006 Fund Manager of the Year Awards.

Friday, October 13th 2006, 5:50AM

Last year the overall award was won by Tower, with ING second and National Bank third.

This year Tower and ING are again nominees, but they have been joined by AXA. National Bank is now owned by ING and it is in the process of closing some of its sector funds.

All New Zealand based funds management companies that have retail investment funds are considered for the Fund Manager of the Year nominations and awards. A range of qualitative screens is applied to each manager to generate a nominee list. Quantitative screens based on information as at June 30 are then used to select the eventual overall winner.

In the sector awards, three managers; AXA, ING and Tower have four nominations each.

Guardian Trust has three and Asteron Life two. Four other managers have one each. They are the three finalists in the mortgage trust category; First Mortgage Trust, Fund Managers Canterbury and Perpetual Trust, and Fisher Funds in New Zealand shares.

Three categories have no nominations, they are property and two of the balance fund sectors, diversified defensive and growth.

In the New Zealand equities (Australasian) the winner is already known as Guardian Trust's small companies fund is the only nominee.

The winners will be announced on October 27.

The FundSource Award Nominees 2006

Fund Manager of the Year Nominees
AXA New Zealand
ING (NZ)
TOWER Managed Funds
SECTOR Nominees
NZ Cash	AXA New Zealand
	Guardian Trust Fin Services
	ING (NZ)
NZ Mortgages	First Mortgage Managers
	Fund Managers Canterbury
	Perpetual Trust
NZ Property	No Nominees
NZ Equity	AXA New Zealand
	Fisher Funds
	TOWER Managed Funds
NZ Equity (Australasian)	Guardian Trust Financial Services
International Equity	Guardian Trust Financial Services
	ING (NZ)
	TOWER Managed Funds
NZ Fixed Interest	Asteron Life
	Asteron Life
	ING (NZ)
International Fixed Interest	AXA New Zealand
	TOWER Managed Funds
Diversified Defensive	No nominees
Diversified Balanced	AXA New Zealand
	ING (NZ)
	TOWER Managed Funds
Diversified Growth	No nominees