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Milford adds more gongs to its growing collection

Milford Asset Management takes home the Morningstar fund manager of the year award for KiwiSaver for the second consecutive year and the top gong for the third year in a row.

Monday, March 6th 2023, 8:05AM

by Kerry Meadows-Bonner

The win is evident in Milford’s approach to collaborative and performance driven culture, where they have continued to impress with measured steps to build for the future, following the passing of one its founders, Brain Gaynor in early 2022.

Head of KiwiSaver at Milford Murray Harris says the recognition also stems from their team’s ability to make decisions around what they choose to invest in and allocation calls that has allowed flexible mandates between asset classes, as key in proving value in volatile market times.

“It’s testament to the consistent results, hard work and dedication of their investment team and comes through in the results.”

Adding to the recognition, Harris says what drives Milford is literally riding the same journey as their clients, with all staff personally invested in the same funds.

“It’s an alignment of interests with our investors. Our clients tell us that having us also invested is a benefit because they know we have everyone’s best interests, and that gives us trust and confidence as a business”

The awards were the first to be held in person since 2019, with 2021 and 2022’s award held virtually. Following on from 2022, the international equities award was not awarded again this year.

Morningstar data director Greg Bunkall says there were no eligible candidates demonstrating suitable achievement across each of our three award criteria in the 2022 calendar year.

He says the awards were still highly positive and hopes that it can continue for 2024.

Overall New Zealand Fund Manager of the Year- Milford Asset Management
 

Fund Manager of Year: Domestic Equities Devon Dividend Yield & Devon Trans-Tasman
 

Fund Manager of Year: Fixed Interest Colchester Global Government Bond PIE
 

Fund Manager of Year: KiwiSaver Milford Asset Management

Tags: Morningstar

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