About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, May 3rd, 2:40PM
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
  • The 'how' and 'why' of negative interest rates
    “With negative interest rates comes the possibility of deflation. It will be interesting to listen to the commentary as...”
    2 hours ago by henry Filth
  • Obituary - Paul Murphy
    “A great man taken too soon! RIP Murph....”
    2 hours ago by Stephen O'Connor
  • Obituary - Paul Murphy
    “Very sad news. Paul was a good adviser and a good man. My sincere condolences to his family and former colleagues....”
    3 hours ago by thombentley
  • FMA slaps Craigs over AML failures
    “What am I missing here. They have been taken to task for not taking measures of due diligence. Yet all the while we...”
    6 hours ago by LNF
  • Associations' stance questioned
    “From Fred Dodds: With God having entered the fray we should consider other learning's- starting with Ephesians 4.31/32: "Let...”
    1 day ago by susanedmunds
Subscribe Now

Weekly Wrap

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.64 4.75 4.85 4.99
ANZ Special - 4.25 4.35 -
ASB Bank 5.55 4.69 4.89 5.25
ASB Bank Special - 4.15 4.39 4.65
BankDirect 5.55 4.69 4.89 5.25
BankDirect Special - 4.15 4.39 4.65
BNZ - Mortgage One 6.30 - - -
BNZ - Rapid Repay 5.75 - - -
BNZ - Special - 4.25 4.39 4.64
BNZ - Std, FlyBuys 5.69 4.85 4.89 4.99
BNZ - TotalMoney 5.69 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 5.95 5.25 5.15 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 5.60 4.85 4.90 -
Housing NZ Corp 5.55 4.69 4.85 4.99
HSBC Premier 6.10 4.25 4.39 4.59
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - 4.25 4.25 -
ICBC 5.60 4.39 4.69 4.99
Kiwibank 5.45 4.70 4.75 4.75
Kiwibank - Capped - - - -
Kiwibank - Offset 5.50 - - -
Kiwibank Special - 4.29 4.25 4.85
Liberty - - - -
Napier Building Society 6.50 5.80 6.70 -
Nelson Building Society 6.10 4.85 4.99 -
NZ Home Loans 5.85 4.69 4.75 5.09
Perpetual Trust 7.70 - - -
Lender Flt 1yr 2yr 3yr
Resimac 5.59 5.24 5.29 5.39
SBS Bank 5.59 4.75 4.89 4.99
SBS Bank Special - 4.10 4.29 4.65
Sovereign 5.65 4.69 4.89 5.09
Sovereign Special - 4.15 4.39 4.65
The Co-operative Bank 5.45 4.25 4.35 4.65
TSB Bank 5.54 4.85 4.95 5.25
TSB Special - 4.35 4.19 4.79
Wairarapa Building Society 6.20 5.75 5.95 -
Westpac 5.75 4.79 4.89 4.99
Westpac - Capped rates - 5.15 5.25 -
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.75 - - -
Westpac Special - 4.25 4.39 4.80
Median 5.75 4.69 4.85 4.99

Last updated: 22 April 2016 9:18am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

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