But ANZ Investments had the distinction of having one property fund being the best performer while another was the worst in that category, but the June quarter was just awful for all managers.

QuayStreet, now owned by NZX's Smartshares, took top honors in core global shares, while Harbour Asset Managemen's T Rowe Price growth fund was the best performer in that category.

Nikko Asset Management had the best results in fixed interest, winning the core bonds, corporate bonds and cash categories.

Mint's Australasian equity fund was the only one in its category that managed a positive return for the June quarter at 0.3%, although Harbour's fund did manage a zero return, but all the other 17 funds showed negative returns for the latest quarter.

ANZ's NZ shares fund was the worst performer with a negative 3.4% return.

For the year ended June, Mint's was second best performer with a 5.4% return while Harbour's was first with 5.9%.

The ANZ fund was 18th for the year with a negative 0.7% return while Devon Fund's Management's core fund was unluckly 19th with a negative 0.9% return.

Milford's NZ equities fund was the best performer over three, five and 10 years with annual returns of 1.3%, 7,2% and 13.3% respectively.

ANZ's Trans Tasman property fund returned negative 7.7% in the latest quarter while its NZ Property Securities fund produced negative 9%.

However, its Trans Tasman fund was also the best performer over one, three, five and 10 years with returns of 6.4%, negative 1.4%, 3.3% and 8.7% respectively.

Nikko's core bond fund managed a 1.2% return in the June quarter, was second-best with 6.6% for the year ended June but was best over five and 10 years with 1.3% and 3.7%