Master Trusts produce strong results
The annual rate of return, net of fees and tax, for funds in the Erikesn Master Trust survey was 8% in the year to June 30.
Thursday, August 17th 2000, 12:00AM
The surveyed funds increased by over $36m during the last quarter with growth funds increasing by nearly $20m and balanced funds by $125m. Conservative funds dropped by $108m. This is a turnaround from the previous quarter which saw a drop in balanced funds. It suggests a growing confidence in the global equity markets possibly as a result of the re-rating of technology stocks.
Tower, AMP and Global Retirement Trust are the fastest growing master trust on an annual basis.
Marketplace News
Alliance Capital's acquisition of US investment manager Sanford Bernstein gives Alliance a value manager at a time when conditions seem to be favouring growth managers.
Tower have appointed Sanford Bernstein as one of their international equity managers in place of UBS Brinson
There is great debate amongst international equity manager analysts as to whether value managers will be able to compete with growth managers in future or whether the structural changes to the market are more permanent.
The second draft of the changes to SSCWT as result of the rise in the top marginal rate to 0.39c have been reported back to Parliament. The legislation have become much simpler and less administratively cumbersome although there are still a few fishhooks.
Relatively few employers are offering their employees opportunities to use a superannuation vehicle to reduce their tax rate by way of salary sacrifice
The proposed changes to the Matrimonial Property Act not only include de facto relationships in the legal net but also allow disproportionate splits and give Courts the power to overturn family trust structures and pre-nuptial agreements. Should the legislation be implemented then the best defence will be to sign your pre-nuptial agreement offshore.
Eriksen's Master Trust Survey
Results to 30 June 2000
|
Fund Name |
Fund Size |
Annual Returns (Net of Tax & Expenses) |
||||
|
$ million |
1 Year |
2 Year |
3 Year |
4 Year |
5 Year |
|
|
Growth Funds |
||||||
|
Colonial International Equities |
1.1 |
21.9 |
14.6 |
12.8 |
13.2 |
13.5 |
|
Jacques Martin Growth Fund |
42.1 |
14.2 |
13.3 |
11.4 |
12.0 |
11.6 |
|
AMP High Equity |
83.2 |
12.6 |
12.5 |
11.7 |
12.6 |
11.9 |
|
Tower BT Managed Growth |
1.0 |
12.6 |
9.9 |
7.4 |
9.1 |
9.5 |
|
Colonial Special Values |
2.5 |
11.9 |
9.2 |
8.0 |
10.0 |
10.0 |
|
GRT Individual Retirement Plan Growth |
8.2 |
10.5 |
10.8 |
9.9 |
10.8 |
10.3 |
|
WestpacTrust Dynamic |
210.0 |
10.3 |
9.4 |
8.4 |
8.8 |
7.8 |
|
Tower BNZ Dynamic Growth |
0.3 |
9.8 |
6.7 |
|||
|
Jacques Martin Asset Growth |
15.2 |
8.7 |
8.3 |
|||
|
Tower ANZ Growth |
0.5 |
8.4 |
5.5 |
|||
|
Tower Focus NZ Shares |
4.1 |
7.6 |
10.2 |
3.4 |
7.8 |
8.3 |
|
Tower Focus International Shares |
16.3 |
5.9 |
4.9 |
10.4 |
11.6 |
12.4 |
|
Colonial Australasian Equities |
0.2 |
5.9 |
9.8 |
2.0 |
5.9 |
6.0 |
|
All Growth Funds |
384.6 |
11.0 |
10.3 |
9.6 |
10.2 |
9.5 |
|
Balanced Funds |
||||||
|
AXA NZ Spread Managers |
67.3 |
12.5 |
10.0 |
7.6 |
9.6 |
8.2 |
|
AMP BT |
23.6 |
10.7 |
8.8 |
6.7 |
8.2 |
8.6 |
|
Colonial Balanced Growth |
13.7 |
10.0 |
8.8 |
6.6 |
8.6 |
8.4 |
|
Armstrong Jones SIL Balanced |
355.6 |
8.6 |
8.8 |
8.8 |
10.2 |
9.8 |
|
Royal & Sun Alliance Managed Fund |
94.4 |
8.4 |
8.0 |
7.1 |
8.5 |
8.0 |
|
WestpacTrust Balanced |
358.6 |
8.3 |
7.8 |
7.1 |
7.4 |
6.6 |
|
AMP Balanced |
365.8 |
8.0 |
8.2 |
7.9 |
8.9 |
8.6 |
|
AXA NZ Managed |
31.6 |
7.8 |
7.9 |
6.0 |
8.5 |
7.2 |
|
Tower BNZ Balanced Growth |
0.9 |
7.5 |
4.9 |
|||
|
Jacques Martin Balanced |
94.7 |
7.5 |
8.1 |
7.2 |
8.3 |
8.0 |
|
GRT Individual Retirement Plan Balanced |
15.7 |
7.4 |
8.1 |
7.7 |
8.8 |
8.4 |
|
AXA NZ Balanced |
27.8 |
5.9 |
6.7 |
5.3 |
7.7 |
6.8 |
|
Tower ANZ Market Balanced |
0.2 |
5.7 |
4.1 |
|||
|
Tower Investment Linked |
75.1 |
4.9 |
5.0 |
6.9 |
8.3 |
8.4 |
|
AMP ANZ Balanced |
61.5 |
4.4 |
7.4 |
5.8 |
7.6 |
7.9 |
|
AMP AJ Balanced |
1.8 |
|||||
|
All Balanced Funds |
1,588.3 |
8.1 |
8.1 |
7.5 |
8.7 |
8.2 |
|
Conservative Funds |
||||||
|
Jacques Martin Capital Stable |
42.3 |
6.7 |
6.7 |
6.6 |
7.1 |
6.8 |
|
AXA NZ Low Risk |
24.1 |
5.5 |
6.0 |
5.1 |
7.1 |
6.7 |
|
GRT Individual Retirement Plan Stable |
2.5 |
5.4 |
5.9 |
6.1 |
7.3 |
6.9 |
|
AMP Capital Stable |
44.5 |
5.0 |
5.6 |
5.4 |
6.2 |
6.2 |
|
AMP Capital Assured |
39.9 |
4.7 |
4.9 |
5.0 |
4.9 |
4.6 |
|
AXA NZ Capital Protected |
25.4 |
3.8 |
3.9 |
4.1 |
4.2 |
4.1 |
|
Jacques Martin Cash Management |
5.3 |
3.7 |
3.1 |
4.0 |
4.4 |
|
|
Royal & Sun Alliance Deposit Fund |
14.3 |
3.6 |
3.8 |
4.2 |
4.5 |
4.8 |
|
Tower Focus Cash |
3.0 |
3.3 |
3.3 |
3.8 |
4.4 |
4.7 |
|
Tower ANZ Capital Stable |
0.3 |
3.2 |
||||
|
Tower Focus Fixed Income |
4.8 |
3.1 |
4.1 |
4.3 |
6.0 |
5.2 |
|
Colonial Conservative |
2.8 |
2.9 |
3.8 |
4.5 |
4.6 |
4.7 |
|
WestpacTrust Accumulation |
51.0 |
2.6 |
3.8 |
4.3 |
4.7 |
4.6 |
|
Tower BNZ Conservative |
2.4 |
1.3 |
||||
|
Colonial Global Fixed Interest |
0.4 |
1.7 |
3.4 |
4.1 |
5.5 |
5.8 |
|
All Conservative Funds |
260.5 |
4.5 |
5.0 |
5.0 |
5.6 |
5.4 |
|
Total Funds |
2,233.5 |
8.2 |
8.1 |
7.6 |
8.6 |
8.1 |
|
Cash Benchmark (Net) |
3.9 |
3.6 |
4.3 |
4.7 |
5.0 |
|
|
CPI |
2.0 |
0.8 |
1.1 |
1.1 |
1.3 |
|
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