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Finalists in Fund Manager of the Year Awards revealed

Finalists of the 2019 Good Returns Fund of the Year Awards – Powered by Research IP have been declared. There are some interesting battles between active and passive funds along with with value and growth strategies.

Monday, November 25th 2019, 12:24PM

New Zealand’s best wealth managers are set to battle it out at the annual Good Returns Research IP awards, to be held at the Rydges Hotel on  November 28.

In an industry first we will also be recognising the best managers in their sector as chosen by financial advisers.  There is still time to vote for the Adviser Choice Award. VOTE HERE

Research IP has been powering awards in the New Zealand market since 2015, with 2019 being one of the closest years.  Most sectors have been extremely tightly contested, which has made the process of reducing the shortlisted funds down to the three finalists very difficult. For the first time we have four finalists in a sector.

While there is a focus on one year performance in determining the shortlisted funds in a sector, there are a number of multi-year factors used to ensure winners are not “one-hit wonders”.

Research IP is cognisant that investors may choose a fund because it is award winning and Good Returns wants to acknowledge outstanding performance in the last 12 months, but through Research IP’s rigorous process, we can ensure the best managers are awarded each year.

The argument between passive and active funds management continues, with award categories having a good representation of both types of strategy.

There are a number of index based strategies represented in the equities based sectors, but fixed interest stands out with no passive strategies present, although the passive strategies were biting at the heels of the fixed interest finalists.

The other trend seen in the finalists is the resurgence of value based managers in the Finalist lists. After a long and strong growth run, is value back?

Distribution strategy is also a factor taken into account when selecting winners. Supporting financial advisers and retail investors on the ground shows commitment to the New Zealand market. Something several Australian based fund managers are now reviewing. This could make 2020 a very interesting proposition. Research IP ranks and scores the distribution strategies on their merit and relevance to the New Zealand market. 

Fees are critical to investment outcomes. Investors should only be paying active management fees when the manager consistently outperforms their performance objectives. This doesn’t have to be every year but should be significant enough that you are getting bang for your buck. Philosophically, there is a reason to pay higher fees for active management, but those fees should be rewarded. Accordingly, fees are also considered in the Awards Process.

The WINNERS will be announced on Thursday night as will the winners and finalists in the overall Fund Manager of the Year, Adviser Choice, and Boutique fund manager of the year.

The sector FINALISTS in the 2019 Good Returns Fund Manager of the Year awards are:

Alternatives Sector 

  • Castle Point Ranger
  • Castle Point 5 Oceans
  • Pathfinder Global Water 

Diversified Sector 

  • ASB Group Investments
  • ANZ (NZ) Investment
  • Fisher Funds Management
  • Milford Asset Management

 Australasian Equity Sector

  • AMP Capital Ethical Leaders NZ Shares
  • Harbour Australasian Equity Income Retail
  • Mint Australasian Equity  

New Zealand Equity Sector 

  • AMP Capital NZ Shares Index 
  • Russell Investments NZ Shares 
  • Smartshares NZ Dividend 

 
Australian Equity Sector

  • AMP Capital Australian Shares 
  • Fisher Australian Growth 
  • Smartshares Australian Top 20 

 
Global Equity Sector

  • Dundas Global Investors Apostle Dundas Global Equity
  • Fisher International Growth
  • Magellan Global

Australasian Fixed Interest Sector

  • AMP Capital NZ Fixed Interest
  • ANZ OneAnswer Single Asset Class New Zealand Fixed Interest
  • Fisher New Zealand Fixed Income Trust

Global Fixed interest Sector 

  • ANZ OneAnswer Single Asset Class International Fixed Interest 
  • Premium Asia Income
  • Russell Investments Global Fixed Interest 

Global Property & Infrastructure Sector 

  • APN Asian REIT
  • Fisher Property & Infrastructure
  • Magellan Infrastructure Unhedged

Australasian Property Sector

  • ANZ OneAnswer Single Asset Class Property Securities
  • Mint Australasian Property
  • Smartshares NZ Property

KiwiSaver of the Year

  • Aon Kiwisaver
  • Generate Investment Management
  • Simplicity NZ Ltd
« Pie Funds founder disappointed strategy hasn’t workedUsing an adviser adds more than 5% to a client's portfolio »

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Last updated: 25 May 2020 5:00am

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