Three managers dominate gongs
The same three managers are in the running for the 2007 FundSource Fund Manager of the Year Award as last year.
Friday, October 19th 2007, 5:07AM
Overall ING has the most nominations in the sector awards this year, with six. They are in the cash (2), fixed interest, diversified balanced funds (2) and diversified growth.
This would suggest ING are in the running to take out consecutive overall awards, especially considering that success in the balanced sector is seen as good all around funds management skills.
Tower has the second highest number of nominations with four. These are in international shares (2), diversified balanced and NZ equities.
Guardian Trust and Asteron do well in the sectors too. Guardian Trust has three nominations and Asteron has two in fixed interest. Both these companies are part of the Promina group which Suncorp Metwary acquired earlier this year. They are now part of the Suncorp Wealth Management Group in New Zealand.
Some regular features of the awards are trust companies dominating the mortgage sector (Capital Mortgage Income Trust, Canterbury Mortgage Trust and NZ Mortgage Income Trust) and Fisher Funds appearing in the NZ shares category.
There were no nomination for property (again) nor for the diversified defensive category in the balanced funds.
Sure winners are Guardian Trust, with its Small Companies Fund, in the Australasian share sector and AXA's PMF International Bond Fund in global fixed interest as they are the only nominees.
The winners will be announced on Friday 26 October.
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