Fund Manager League Table
Find out which managers are winning the race to build up their funds under management in the period to September 30.
Sunday, November 19th 2000, 11:12PM
All but one of the nine managers with more than $1 billion in total funds under management managed to increase their total funds in the 12 month period, according to the IPAC market share statistics. The exception was Royal & SunAlliance (which includes NZ Guardian Trust). This group stayed relatively static, losing $10 mill and dropping from second placing to fourth.
The two managers to put on more than $300 million in the year were AMP ($317 mill) and ASB Bank ($308 mill). Top ranked Tower Group was just outside this band adding $294 mill.
AXA, which earlier had crossed the magic $1 bill funds under management bar, continues to struggle to hover in the $900 mill range, closing off the 12 month period with $976 mill.
Other big managers to put in good performances were Armstrong Jones (up $248 mill), BT Funds Management (up $185 mill) and Colonial (up $123 mill).
Currently ASB, Sovereign and Colonial are reported separately by IPAC. If they are combined the group is the biggest fund manager with $2.3 bill and at $424 mill would rank in the top three for funds flow.
Amongst the smaller players three firms which stand out for increasing their funds under management are JB Were which has pulled $29.4 mill into its relatively new range of NZ domiciled funds, Fisher Funds Management which has increased its funds under management from $13 mill to $34.7 mill in 12 months, and Macquarie which has grown its fund from $100 mill to $144 mill.
The biggest loser, on a percentage basis is FCMI, at the bottom of the table. The company has in one year fallen from 33rd place to 36th (last), and 90% of its funds under management has disappeared. A year ago it had $6.7m under management, now it has just $700,000.
|
Manager |
Sept 00 |
Rank |
Jun 00 |
Rank |
Sept 99 |
Rank |
|
Tower Group |
2186.2 |
1 |
2098.0 |
1 |
1892.3 |
1 |
|
AMP |
1901.7 |
2 |
1823.0 |
2 |
1585.1 |
3 |
|
Armstrong Jones |
1748.1 |
3 |
1687.4 |
3 |
1499.8 |
4 |
|
Royal & SunAlliance (+GT) |
1663.7 |
4 |
1661.2 |
4 |
1673.6 |
2 |
|
NZ Funds Management |
1392.1 |
5 |
1284.2 |
5 |
950.9 |
9 |
|
WestpacTrust |
1362.6 |
6 |
1213.7 |
7 |
944.3 |
10 |
|
BNZ |
1318.5 |
7 |
1274.5 |
6 |
1227.8 |
5 |
|
ANZ |
1147.8 |
8 |
1117.9 |
8 |
1079.2 |
6 |
|
Colonial |
1075.6 |
9 |
1042.5 |
9 |
952.0 |
8 |
|
AXA |
976.0 |
10 |
982.4 |
10 |
994.3 |
7 |
|
ASB Bank |
711.0 |
11 |
635.5 |
11 |
402.8 |
13 |
|
BT |
604.7 |
12 |
554.6 |
12 |
419.3 |
12 |
|
Sovereign |
509.3 |
13 |
511.3 |
13 |
501.8 |
11 |
|
National Bank |
367.4 |
14 |
340.6 |
14 |
328.4 |
14 |
|
Kiwi Income |
296.1 |
15 |
298.2 |
15 |
319.9 |
15 |
|
Public Trust |
274.5 |
16 |
277.2 |
16 |
286.6 |
16 |
|
Perpetual Trust |
225.6 |
17 |
225.4 |
17 |
226.5 |
17 |
|
Equitable |
225.3 |
18 |
215.6 |
18 |
188.1 |
18 |
|
Macquarie |
143.9 |
19 |
118.3 |
20 |
100.4 |
21 |
|
Calan |
122.3 |
20 |
125.6 |
19 |
141.1 |
19 |
|
Forsyth Barr |
115.5 |
21 |
115.5 |
21 |
116.8 |
20 |
|
Jacques Martin |
66.1 |
22 |
62.8 |
23 |
57.7 |
23 |
|
NZSE |
38.0 |
23 |
40.8 |
24 |
37.4 |
25 |
|
NZ Rural Property Trust |
36.5 |
24 |
65.3 |
22 |
71.1 |
22 |
|
Fisher Funds Management |
34.7 |
25 |
29.0 |
29 |
13.0 |
30 |
|
Coronet Asset Managem't |
34.6 |
26 |
37.0 |
25 |
43.4 |
24 |
|
Cigna |
33.3 |
27 |
33.3 |
27 |
37.1 |
26 |
|
UDC |
32.5 |
28 |
32.5 |
28 |
33.5 |
27 |
|
JB Were |
29.4 |
29 |
25.7 |
30 |
0.00 |
36 |
|
Craig & Co |
27.0 |
30 |
25.5 |
31 |
30.0 |
28 |
|
Fidelity |
24.4 |
31 |
35.3 |
26 |
28.3 |
29 |
|
Frater Williams |
11.7 |
32 |
12.3 |
32 |
12.2 |
31 |
|
Waltus |
10.3 |
33 |
9.9 |
33 |
9.1 |
32 |
|
Dresdner |
4.6 |
34 |
5.0 |
34 |
5.6 |
34 |
|
Direct Asset Management |
3.5 |
35 |
3.3 |
35 |
3.5 |
35 |
|
FCMI |
0.7 |
36 |
1.8 |
36 |
6.7 |
33 |
|
Total |
18,755 |
18,022 |
16,220 |
Source: IPAC Securities
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