About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Thursday, October 19th, 2:47PM
Latest Headlines

Harbour takes top award

[UPDATED] Harbour Asset Management has taken out the top prize at this year’s Morningstar New Zealand Fund Manager of the Year awards.

Wednesday, February 24th 2016, 8:00PM

It beat finalists ANZ Investments and Nikko Asset Management to the NZ Fund Manager of the Year title.

Harbour also took the fixed interest category, ahead of AMP Capital and Nikko Asset Management.

Tim Murphy, Morningstar Australasia’s director of manager research, said: “The winners of the New Zealand Morningstar Awards have all shown themselves to be first-class stewards of investor capital. The quality of their people, process, parent, price and performance is a testament to their commitment to investors.”

Harbour was cited for performance across all asset classes. Morningstar noted that investors benefited from shrewd security selection and “well-judged portfolio positioning in difficult market conditions”.

Harbour managing director Andrew Bascand said he was surprised to have taken the top award. He said his firm's launch of new funds and other innovative solutions for clients seemed to have been one of the deciding factors.

"[The win] highlights that we need to continue to invest in our people and in our resources to make sure we have a strong research focus. We've launched three new funds so we'll focus on bedding those funds down and getting out and telling people about them."

He said the team would also need to focus on investment performance in what could be a difficult market ahead.

“It is great that Harbour is contributing strongly to the development of New Zealand’s capital market. Our clients entrust us to manage and grow their investments and bring innovative investment solutions. This is a responsibility we take very seriously. Our experienced and proven investment team manage clients’ money within a disciplined and robust investment process.

“Harbour is focused on managing a range of income and growth investment solutions on behalf of our clients, delivered within a strong governance and compliance framework.”

In the fixed interest category, Morningstar said Christian Hawkesby and Mark Brown had done an exceptional job at developing the firm’s capability.  “Their sound investment process, backed by detailed economic research and modelling, has resulted in a noteworthy track record to date. Investors looking to diversify their portfolio by including fixed interest exposure need look no further than Harbour.”

Mint Asset Management took the domestic equities category, ANZ Investments the international equities category and Milford the KiwiSaver category.

Anthony Halls was mentioned at Mint. Morningstar said his investment team demonstrated their flair and expertise at investing in New Zealand and Australian companies.

At ANZ, Alan Clarke was mentioned for his portfolio construction in “constantly changing market conditions”.

Morningstar said Milford was at the forefront of a competitive KiwiSaver sector thanks to its well-tenured and seasoned investments team, client service, industry-leading results and focus on investor education.

Managing director of Milford, Anthony Quirk, said: "We are delighted to receive this award as its criteria specifies that the product provides the best all round solutions to New Zealanders for their KiwiSaver investment. As such, it is a very pleasing recognition of Milford delivering to its investors on all aspects of our KiwiSaver offer. This award continues the real momentum in our business with strategies for further growth in KiwiSaver and other investment product areas."

Only fund managers with funds for sale in New Zealand qualify for inclusion.

The winner is based on research from Morningstar’s analysts, risk-adjusted returns and performance in 2015.

Tags: Morningstar

« More changes for overseas pension transfersCode Commitee changes criticised: 'Creating, not fixing problems' »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment



Printable version  


Email to a friend
News Bites
Latest Comments
  • Should lawyers give financial advice?
    “A further thought. In the section “What do lawyers think” I can see it is ok for a lawyer to tell someone to put their...”
    9 hours ago by Brent Sheather
  • Should lawyers give financial advice?
    “Good article. I have seen lots of instances where lawyers and accountants give financial advice and whilst most of it is...”
    9 hours ago by Brent Sheather
  • Should lawyers give financial advice?
    “your answer to "should financial advisers give legal or tax advice" should give you some idea if lawyers should give financial...”
    10 hours ago by w k
  • Leverage up your KiwiSaver fund
    “I liked the idea and I was in Booster's geared growth KiwiSaver. But its fees are 3x more than comparable funds, yet the...”
    3 days ago by RanDerson
  • KiwiSaver fees: Paying for performance
    “ANZ just don’t give up do they….actually not surprising as there is little downside to fake news in the NZ finance scene....”
    6 days ago by Brent Sheather
Subscribe Now

Weekly Wrap

Previous News


Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.79 5.05 5.19 5.49
ANZ Special - 4.55 4.69 4.99
ASB Bank 5.80 4.75 4.99 5.29
ASB Bank Special - 4.39 4.69 4.99
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.59 4.69 5.09
BNZ - Std, FlyBuys 5.90 4.99 5.29 5.59
BNZ - TotalMoney 5.90 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.45 5.50 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 5.00 5.20 -
Housing NZ Corp 5.79 4.75 4.99 5.29
HSBC Premier 5.79 4.19 4.29 4.89
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.95 5.15 5.59
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.55 4.65 5.09
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special 5.00 - 4.75 -
SBS Bank 5.89 4.99 5.19 5.59
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.59 4.69 5.09
Sovereign 5.90 4.75 4.99 5.29
Sovereign Special - 4.39 4.69 4.99
The Co-operative Bank - Owner Occ 5.75 4.55 4.69 4.99
The Co-operative Bank - Standard 5.75 5.05 5.19 5.49
TSB Bank 5.80 4.80 5.15 5.45
TSB Special - 4.55 4.69 4.99
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.99 5.19 ▼5.44
Westpac - Capped rates - 5.26 5.36 -
Westpac - Offset 5.95 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 4.59 4.74 ▼4.94
Median 5.82 4.78 4.99 5.29

Last updated: 13 October 2017 9:47am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%


About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and eyelovedesign.com