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, January 3rd, 6:30PM

News

rss
Latest Headlines

AFAs give Nikko a retail boost

Engaging with financial advisers has helped boost Nikko Asset Management’s retail funds under management more than 200% over the past 14 months, its managing director says.

Tuesday, July 21st 2015, 6:00AM

by Susan Edmunds

The asset manager announced yesterday that it had $675 million in retail investor assets under management (AUM) in June this year.

Nikko’s net inflows increased more than $100 million in the second quarter due to the firm’s focus on the intermediated retail market and commitment to engaging with retail investors.

The company’s total AUM has reached $4.5 billion, up $300 million on December 2014.

It is now the largest New Zealand asset manager that is not a default KiwiSaver provider.

All of the funds provided by Nikko Asset Management NZ to retail investors through authorised financial advisers (AFAs) or RaboDirect grew their assets over the past year.

While initial interest was primarily in domestic fixed income and global equity funds, investor interest in funds focussed on domestic equities is also growing.

Managing director Peter Lynn said Nikko had been engaging with AFAs through seminars that offered CPD credits. "We’re pleased to see our efforts to grow our share of the intermediated retail market deliver in such a short period of time.”

He said the firm had adopted an active strategy to get out and talk to advisers and that was starting to pay off.  “It’s something we didn’t focus on before but we made the decision to reorient the business.”

The response from advisers had been positive, he said. “It’s easy and hard when you’re meeting advisers for the first time. They don’t know who you are and you want to invest with people you know but we’re not coming from a position where we are a new start-up. We have been around a long time and have good institutional pedigree.”

His goal had been to get AUM to $4.5 billion by the end of the financial year in March 2016, but that milestone was reached by June. Lynn wants to double AUM in five years and build retail AUM to half of that amount.

The market was also providing a boost, he said, because many investors were looking for alternatives in the current market. “New Zealanders still have so much money in term deposits and as interest rates track down there are people looking around because they are not providing much income and they need some alternatives.”

Tags: financial advisers Nikko AM

« Getting to know... Elaine CampbellLVR restrictions to be reviewed »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

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 4.94 - - -
AIA - Go Home Loans 7.49 5.79 5.49 5.59
ANZ 7.39 6.39 6.19 6.19
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 5.79 5.59 5.59
ASB Bank 7.39 5.79 5.49 5.59
ASB Better Homes Top Up - - - 1.00
Avanti Finance 7.90 - - -
Basecorp Finance 8.35 - - -
BNZ - Classic - 5.99 5.69 5.69
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.54 - - -
BNZ - Rapid Repay 7.54 - - -
BNZ - Std 7.44 5.79 5.59 5.69
BNZ - TotalMoney 7.54 - - -
CFML 321 Loans 5.80 - - -
CFML Home Loans 6.25 - - -
CFML Prime Loans 7.85 - - -
CFML Standard Loans 8.80 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.69 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 6.95 5.79 5.59 5.69
Co-operative Bank - Standard 6.95 6.29 6.09 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 5.99 5.89 -
First Credit Union Standard 7.69 6.69 6.39 -
Heartland Bank - Online 6.99 5.49 5.39 5.45
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.15 6.50 6.30 -
ICBC 7.49 5.79 5.59 5.59
Kainga Ora 7.39 5.79 5.59 5.69
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 7.25 6.69 6.49 6.49
Kiwibank - Offset 7.25 - - -
Kiwibank Special 7.25 5.79 5.59 5.69
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 7.94 5.75 5.99 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank 7.49 6.95 6.29 6.29
SBS Bank Special - 5.89 5.49 5.69
SBS Construction lending for FHB - - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 4.94 4.89 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.39 - - -
TSB Bank 8.19 6.49 6.39 6.39
TSB Special 7.39 5.69 5.59 5.59
Unity 7.64 5.79 5.55 -
Unity First Home Buyer special - 5.49 - -
Wairarapa Building Society 7.70 5.95 5.75 -
Westpac 7.39 6.39 6.09 6.19
Westpac Choices Everyday 7.49 - - -
Westpac Offset 7.39 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 5.79 5.49 5.59
Median 7.49 5.79 5.69 5.69

Last updated: 23 December 2024 5:49pm

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