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And the winners are...

Friday 26th of October 2001

Fund Manager of the Year

Winner

BNZ Investment Management

First Runner Up

BT Funds Management

Second Runner Up

Tower Asset Management

Fund Sector Award Winners

NZ Cash and Mortgages

Winner

Guardian Trust Funds Management

Guardian Mortgage Fund

Runner Up

Tower Managed Funds

Tower MortgagePlus Fund

NZ Property

Winner

NZ Funds Management

NZ Funds Property & Infrastructure Trust

Runner Up

Armstrong Jones (NZ) Ltd.

Armstrong Jones Property Securities Fund

NZ Equity

Winner

AXA New Zealand

AXA NZ Select Equities Trust

Runner Up

BT Funds Management

BT NZ - NZ Plus Share Fund

International Equity

Winner

BNZ Investments and Insurance

BNZ International Equity Trust

Runner up

NZ Funds Management

NZ Funds Global Blue Chip Trust

NZ Fixed Interest

Winner

Tower Managed Funds

Tower SuperPlus Income Fund

Runner up

Royal & SunAlliance

Royal & SunAlliance NZ Fixed Interest Fund

International Fixed Interest

Winner

BT Funds Management

BT NZ - Global Bond Fund

Runner Up

BNZ Investments and Insurance

BNZ International Bond Trust

Diversified Balanced

Winner

NZ Funds Management

NZ Funds Balanced Trust

Runner up

AMP Financial Services

AMP Balanced Trust

Diversified Defensive

No Nominees

Diversified Growth

Winner

BT Funds Management

BT NZ - Managed Growth Fund

Runner up

AMP Financial Services

AMP Dynamic Bond

Most Improved Fund Manager

No awards made this year

Note: NZ Funds Management, which contract asset allocation and fund manager selection to FundSource, was not considered for the Fund Manager of the Year Award.
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Latest Comments
New customers locked out of ASB’s pre-approvals
As much as I disapprove of the ASB stance, I totally understand it, ESPECIALLY as the ComCom expect us to put an application to 4-5 banks, and not just the one we believe to suit the client the best. By demanding this, we would be tying the banks up with 4-5 times the applications necessary to secure a settlement. Banks would know that only 20-25% of applications are going to make it through to settlement. This shotgun approach is why banks are overloaded.
1 month ago Andy Phillipson
New customers locked out of ASB’s pre-approvals
This is pure BS from the major banks. In front of ComCom earlier in the year they denied any policy of channel inequality yet there clearly is from some (at board level) both in turnaround times and cashbacks for example. They need to staff up, sort their antiquated IT and give Advisers the respect they deserve. New Zealand borrowers are voting with their feet and using Advisers more and more. Are some banks starting their pushback? One as done it before so no surprise there.
2 months ago Jeff Royle
New customers locked out of ASB’s pre-approvals
As a financial adviser, business owner and ex-banker/home lender in NZ & Australia with almost 20 years experience I can tell you that this is very concerning for several reasons - first one being that as bank staff you still get paid regardless of whether you put the approval thru, lazy/incompetent/time poor bankers are often declining loans rather than taking the time to push a difficult deal thru as they get paid either way, as a financial adviser who doesn't get paid unless the deal settles we are more committed to securing an approval which is why more volume now comes thru the broker channels. This feels like it's the banks way of reducing costs by not having to pay brokerage to advisers when bank lenders doing nothing should be sitting on the broker overflow lines. This directly affects small businesses and is another example of banks playing God & redirecting profit margins back to their own coffers - there is no valid excuse for branch lenders doing nothing to not be sitting on these overflow lines. It makes a mockery of giving the choice back to the clients who are already typically having poor banking experiences when dealing direct with bank staff.l and in no way supports small businesses already doing it tough.
2 months ago Natasha Viliamu
New customers locked out of ASB’s pre-approvals
Another major bank today has announced no pre approvals via Advisers for under 80% LVR. That's at least 3 of them. All applications whether direct or through Advisers should be given the same priority and go through the same assessment process. Banks don't appear to have invested (enough) in staff or technology and given how much money they make, it is unacceptable. Lets hope it gets sorted soon!
2 months ago Craig Pope
New customers locked out of ASB’s pre-approvals
Sorry I don’t believe ASB are overrun with applications as we are traditional in a slow market so I think this” high volume “ excuse is rubbish, ASB will still post a massive profit due margins being so high but they can’t hire extra staff?? This is a disgrace! for consumers that choose to go through an independent mortgage adviser ASB are turning them away, but an ASB branch can write that deal no problem? , what happened to offering choice to the consumer? And being competitive? Are Comcom silent on this? Are the dealer groups /master FAP’s who have a monopoly over mortgage advisers’ access to bank mortgage lending silent on this? Why do we pay dealer groups /Master FAPs thousands in fees and costs if they can’t or don’t want to even back the people that pay their wages. All mortgage advisers want is an even playing field no more no less. How would ASB feel if all mortgage advisers in NZ stopped sending business to them for a few months?
2 months ago Valkyrie Vulcan