tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, November 1st, 10:39AM

News

rss
Latest Headlines

New Zealand fund managers 'world class'

New Zealanders don't know how lucky they are to have quality fund managers operating in their back yard, according to a top researcher.

Tuesday, March 6th 2012, 6:31AM 1 Comment

by Niko Kloeten

Morningstar head of research Chris Douglas said the general public may not realise it, but New Zealand's fund management sector "stacks up quite well" internationally, including in comparison with fund managers in Australia.

"There are a number of world class fund managers in New Zealand.  A number of them have proven themselves in other markets overseas and live in New Zealand for personal reasons and family reasons."

Morningstar handed out its Fund Manager of the Year awards last week and Douglas said the sector had come a long way in this country in only a few years.

"Rewind five years and it wasn't tax efficient to invest in managed funds, there was very low appetite from investors and there were very few products available," he said.

He cited the emergence of new players in the market such as Brook Walter Scott, which won the international equities category, and Elevation Capital, which was a finalist in the same category, as proof of how the market had changed since then.

"These new managers are coming to the market because there are more opportunities now and better structures now. 

"In the last five years there have been dramatic changes from a regulatory, tax and even a products perspective, and investors are being rewarded."

Morningstar chief executive, Australia and New Zealand Anthony Serhan said while the Australian fund management industry is much larger, there are some things New Zealand fund managers do better.

"One thing New Zealand has always been better at is having a global outlook on investing.  New Zealand has probably had a higher willingness to look outside New Zealand for opportunities than Australia has had to look outside Australia."

Niko Kloeten can be contacted at niko@goodreturns.co.nz

« News Round Up: March 5Managers warn against more KiwiSaver regulation »

Special Offers

Comments from our readers

On 7 March 2012 at 6:47 am Collin said:
While I hope that Mr. Douglas is correct with his comments it is important to point out that Morningstar publishes an annual report called the 'Global Fund Investor Experience'. In this report the New Zealand fund management sector is regularly criticised by Morningstar for various practices. In the 2011 edition New Zealand placed last out of 22 countries. Seems like contrasting viewpoint from the same organistation.
Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Weekly Wrap

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 5.44 - - -
AIA - Go Home Loans 7.99 5.99 5.69 5.69
ANZ 7.89 6.59 6.29 6.29
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 5.99 5.69 5.69
ASB Bank 7.89 5.99 5.69 5.69
ASB Better Homes Top Up - - - 1.00
Avanti Finance 8.40 - - -
Basecorp Finance 9.60 - - -
BNZ - Classic - 5.99 5.69 5.69
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.94 - - -
BNZ - Rapid Repay 7.94 - - -
BNZ - Std 7.94 5.99 5.69 5.69
BNZ - TotalMoney 7.94 - - -
CFML 321 Loans 6.20 - - -
CFML Home Loans 6.45 - - -
CFML Prime Loans 8.25 - - -
CFML Standard Loans 9.20 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.79 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 7.65 5.99 5.75 5.69
Co-operative Bank - Standard 7.65 6.49 6.25 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 6.40 6.10 -
First Credit Union Standard 8.50 7.00 6.70 -
Heartland Bank - Online 7.49 ▼5.65 ▼5.55 ▼5.55
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.00 6.50 -
ICBC 7.49 5.99 5.65 5.59
Kainga Ora 8.39 7.05 6.59 6.49
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 7.75 6.89 6.59 6.49
Kiwibank - Offset 8.25 - - -
Kiwibank Special 7.75 5.99 5.69 5.69
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 8.44 ▼6.39 ▼6.09 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank 7.99 6.95 6.29 6.29
SBS Bank Special - ▼6.15 5.69 5.69
SBS Construction lending for FHB - - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 5.44 ▼5.15 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.75 - - -
TSB Bank 8.69 6.79 6.49 6.49
TSB Special 7.89 5.99 5.69 5.69
Unity ▼7.64 5.99 5.69 -
Unity First Home Buyer special - 5.49 - -
Wairarapa Building Society 8.50 ▼6.19 ▼5.79 -
Westpac 8.39 6.89 6.39 6.39
Westpac Choices Everyday 8.49 - - -
Westpac Offset 8.39 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 6.29 5.79 5.79
Median 7.99 6.17 5.79 5.69

Last updated: 30 October 2024 9:36am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com