ING the big thing at awards
ING has once again dominated the Morningstar Fund Manager of the Year Awards held in Auckland last night.
Friday, March 10th 2006, 6:00AM
Other winners last night included Fisher Funds – which took out the New Zealand shares award, AMP in international equities and Fund Managers Canterbury in the mortgage sector.
The awards are based on a combination of quantitative research and one-year performance to December 31.
ING chief investment officer Rebecca Thomas paid tribute to her team and noted that the team included a large number of people who held the Chartered Financial Analyst (CFA) qualification.
She made special mention of ING’s asset allocation specialist Philip Houghton-Brown, saying that the overall result and multi-sector win shows that tactical asset allocation and currency overlay pays.
Thomas also acknowledged the work of Shane Solly in the property sector. Solly recently left the firm to work for Goldman Sachs JB Were.
In a sign of changes going on in the market, National Bank’s Paul Drummond accepted the top award in the fixed interest sector, but noted that the fund was originally established by Southpac, has been managed by AMP Capital and last year moved to be under the management wing of ING.
Meanwhile AXA’s Gordon Noble-Campbell represented BNZ in the international shares section following AXA’s purchase of BNZ Investment Management.
|
Sector |
Winner |
Finalists |
|
Fund Manager of the Year |
ING |
Asteron, Sovereign |
|
Multi-sector |
ING |
Asteron, AXA |
|
NZ Fixed interest |
National Bank |
Asteron, ING |
|
Mortgages |
Fund Managers Canterbury |
Fund Managers Auckland, Fund Managers Otago |
|
Property |
ING |
AMP, Sovereign |
|
NZ Shares |
Fisher Funds |
AXA, ING |
|
Intl Shares |
AMP |
BNZ, Sovereign |
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