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
Diversified Sector
Australasian Equity Sector
New Zealand Equity Sector
Australian Equity Sector
Global Equity Sector
Australasian Fixed Interest Sector
Global Fixed interest Sector
Global Property & Infrastructure Sector
Australasian Property Sector
KiwiSaver of the Year
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