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ANZ appoints new Aust equities manager

ANZ New Zealand Investments has appointed Nikko AM as the new manager of Australian equities.

Friday, August 10th 2018, 11:39AM

The change comes after incumbent manager, Arnhem Investment Management, recently indicated they’ll soon be winding up their business.

ANZ’s multi-asset-class and single-asset-class funds have external fund managers managing some key offshore asset classes. These are closely monitored by ANZ to ensure performance, strategy and investment process is appropriate for each asset class.

Sydney-based provider Nikko AM Australia will manage the Australian equities component of the following funds:

•             OneAnswer KiwiSaver Scheme;

•             ANZ KiwiSaver Scheme;

•             ANZ Default KiwiSaver Scheme;

•             OneAnswer Multi-Asset-Class Funds and OneAnswer Australian Share Fund; and

•             ANZ Investment Funds.

ANZ New Zealand Chief Investment Officer Paul Huxford said the change follows an extensive review process over the past year.

“Throughout our review of Australian equity managers over the past year, Nikko AM Australia scored very highly,” Huxford said.

“We were impressed with the experience and stability of their Australian Equity team, investment process and performance and strong business fundamentals. We look forward to working with Nikko AM Australia and thank Arnhem for their partnership over the past six years.”

The change does not impact ANZ’s in-house Australasian equities team, who continue to manage separate portfolios of Australasian equities.

The transition is expected to take place in August 2018.

Tags: ANZ Nikko AM

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Lender Flt 1yr 2yr 3yr
ANZ 5.79 4.79 4.99 5.35
ANZ Special - 4.29 4.49 4.85
ASB Bank 5.80 4.69 4.89 5.19
ASB Bank Special - 4.29 4.49 4.79
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.29 4.49 4.85
BNZ - Std, FlyBuys 5.90 4.89 5.05 5.49
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 4.79 5.05 5.29
HSBC Premier 5.89 3.99 4.19 4.69
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.69 4.89 5.35
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.19 4.39 4.85
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 - - - -
SBS Bank 5.89 4.85 5.05 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.19 4.49 4.85
Sovereign 5.90 4.69 4.89 5.19
Sovereign Special - 4.29 4.49 4.79
The Co-operative Bank - Owner Occ 5.75 4.24 4.49 4.85
The Co-operative Bank - Standard 5.75 4.74 4.99 5.35
TSB Bank 5.80 4.74 4.99 5.35
TSB Special - 4.24 4.49 4.85
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.99 5.05 5.44
Westpac - Offset 5.95 - - -
Westpac Special - 4.29 4.49 4.85
Median 5.89 4.69 4.89 5.19

Last updated: 10 August 2018 9:25am

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