About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Thursday, October 23rd, 4:14PM
rss
Latest Headlines

Investors embrace tax-effective funds

Good Returns, in its first ever survey of tax-effective funds, reveals how popular OEICs and Australian funds are with investors.

Thursday, August 2nd 2001, 12:35AM

by Philip Macalister

The first ever survey of funds flow into offshore funds reveals investors and advisers are starting to strongly embrace tax-effective UK-based Open-Ended Investment Companies (OEIC), and Australian domiciled funds.

The survey, carried out by Good Returns, shows that net funds flow into OEICs totalled $24.32 million in the three months to June 30. This compares well with total net funds flow into retail funds.

Research house FundSource says $354 million in new funds flowed into the industry in the quarter.

While flows into OEICs equate to 7% to total funds flows, it has to remembered that the Good Returns' OEIC survey covered just 31 funds compared to more than 450 in the FundSource market share report.

What is more startling is the massive amounts of money which is going into tax effective Australian based funds.

In total the two managers which run funds here, ANZ and NZ Funds Management (Money Managers' First Step fund) had total net funds flows of $99.99 million. (A portion of this money is captured in the FundSource report).

The figures for the Australian based funds are under-reported as money is going into other funds and the manager responsible for them did not wish to disclose details.

The Good Returns' survey shows that Money Managers' First Step fund is footing it with the successful mortgage funds run by banks, particularly ASB, ANZ and WestpacTrust.

Rank

Sector


(all shares)

Net Funds Flow

1

Europe

$7.4m

2

Global

5.06

3

Australasia

4.28

4

Financial

2.19

5

Technology

2.02

While there are only two managers offering Australian based tax-effective funds many other managers spoken to by Good Returns are contemplating launching Australian funds.

Another interesting observation to come out of the Good Returns' OEIC survey is that most of the funds are sector based.

The eight funds in the Europe sector was the most popular with investors, attracting $7.4 million of net funds flow. It was followed by Global share funds and the two Australasian funds.

In total the two groups of funds had $811 million in assets under management at June 30. OEICs weighted in with $101.5 million and Australian funds totalled $709.6 million.

For more deatils of the survey email Good Returns' editor Philip Macalister

You can read Philip's blog here: http://www.goodreturns.co.nz/blog/

« Brand counts now, not breedSovereign takes regulation bull by the horns »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Commission questions to be asked
    “I feel that all risk commission/bonuses payable should be disclosed in dollar terms, and in the event of replacement business...”
    2 days ago by macca
  • Commission questions to be asked
    “The commissions in Australia on personal risk insurance are around 115% of initial premium- already well below NZ levels....”
    2 days ago by Mike Naylor
  • Commission questions to be asked
    “Like most things that are considered, the consumer reaction is unlikely to be taken into account. It’s less about fees...”
    2 days ago by Pragmatic
  • FAA review 'starting with a blank slate'
    “It is quite critical that legislators etc have some knowledge of investment theory before they legislate. For example Mr...”
    3 days ago by Brent Sheather
  • Don't discount small caps: Gaynor
    “Brian is quite correct. Also PIE funds is, and remains, a brilliantly successful manager. Massive return from a specialty. If...”
    7 days ago by NormanStacey
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AMP Home Loans 7.24 ▼5.69 6.39 6.65
AMP Home Loans $200k+ 7.14 ▼5.59 6.29 6.55
AMP Home Loans LVR <80% - - ▲5.99 ▼6.19
ANZ 6.74 6.15 ▼6.39 6.49
ANZ Special - ▼5.69 ▼5.75 6.09
ASB Bank 6.75 6.09 6.40 6.65
ASB Bank Special - 5.70 ▼5.75 6.19
BankDirect 6.75 6.09 6.99 6.65
BankDirect Special - 5.70 ▼5.75 6.19
BNZ - Classic - - 5.75 6.19
BNZ - GlobalPlus 6.74 5.89 6.39 6.59
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.15 - - -
BNZ - Rapid Repay 6.74 - - -
BNZ - Std, FlyBuys 6.74 5.89 6.39 6.59
BNZ - TotalMoney 6.74 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 6.05 6.20 -
Credit Union North 6.45 - - -
Credit Union South 5.75 - - -
eMortgage 6.04 6.15 6.69 7.19
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 6.45 - - -
Lender Flt 1yr 2yr 3yr
General Finance 5.95 6.25 6.50 7.10
HBS Bank 6.65 5.85 5.99 6.19
HBS Special - - - 5.89
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 6.70 6.00 6.50 -
Housing NZ Corp 6.74 5.99 6.39 6.59
HSBC Premier 6.84 5.95 5.95 6.39
HSBC Premier LVR > 80% - 5.75 5.75 5.75
HSBC Special - - - -
ICBC 6.75 5.99 6.39 -
Kiwibank 6.65 5.79 6.39 6.65
Lender Flt 1yr 2yr 3yr
Kiwibank - Capped 5.65 6.50 - -
Kiwibank - Offset 6.55 - - -
Kiwibank LVR > 80% - - 5.89 6.19
Liberty - - - -
Napier Building Society 5.80 6.00 6.70 -
Nelson Building Society 6.95 6.15 6.60 -
NZ Home Loans 6.85 6.09 6.40 6.65
Perpetual Trust 7.70 - - -
Resimac 6.59 6.35 6.58 6.77
SBS Bank 6.65 5.85 5.99 6.19
SBS Bank Special - - - 5.89
Lender Flt 1yr 2yr 3yr
Silver Fern 5.95 6.10 6.55 7.05
Sovereign 6.85 6.09 6.40 6.65
Sovereign Special - 5.70 5.75 6.19
The Co-operative Bank 6.70 ▼5.70 ▼5.89 6.19
TSB Bank 6.74 5.95 6.19 6.30
TSB Special - - 5.79 -
Wairarapa Building Society 6.20 5.75 5.95 -
Westpac 6.59 6.09 6.39 6.65
Westpac - Capped rates - 6.74 6.99 -
Westpac - Offset 6.59 - - -
Westpac Special - - ▼5.75 6.19
Median 6.70 6.00 6.39 6.52

Last updated: 22 October 2014 7:07am

News Quiz

In a study of performance fees by Pathfinder, how many of the 10 equity PIE funds reviewed have to achieve a margin over and above their benchmark before performance fees kick in?

10

9

7

5

2

MORE QUIZZES »

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