Fund Manager of the Year nominees announced

Last year the overall award was won by Tower, with ING second and National Bank third.

This year Tower and ING are again nominees, but they have been joined by AXA. National Bank is now owned by ING and it is in the process of closing some of its sector funds.

All New Zealand based funds management companies that have retail investment funds are considered for the Fund Manager of the Year nominations and awards. A range of qualitative screens is applied to each manager to generate a nominee list. Quantitative screens based on information as at June 30 are then used to select the eventual overall winner.

In the sector awards, three managers; AXA, ING and Tower have four nominations each.