New Zealand investors’ appetite for multi-strategy funds, as well as those focused on global bonds and cash, has driven assets under management of Nikko Asset Management New Zealand to exceed $4 billion for the first time.
Its AUM increase of 14% over the past 12 months was also helped by Japanese and other global investors’ robust demand for exposure to New Zealand.
Nikko Asset Management New Zealand has attracted sizable inflows from domestic investors into funds including New Zealand bonds and cash. Internationally, the company has had success gathering a substantial amount of assets from Japan. It has offered a total of five Japan-domiciled New Zealand-dollar denominated bond funds since the start of the year.
Nikko Asset Management New Zealand is the New Zealand subsidiary of Tokyo-based Nikko Asset Management, which held approximately US$160 billion ($205 billion) in AUM as of the end of September.
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