Morningstar's picks for best fund manager
In the running for the top spot are BNZ Investment Management, which has won this award previously along with ASB Group Investments and Asteron Life (formerly Royal & SunAlliance).
Overall in the seven sectors and the overall award, ASB Group Investments has the most nominations (4) followed by Asteron and BNZ with three each.
Sitting on two nominations each are Fidelity, Public Trust, Tower and ING, while six other managers (AXA, BT, Fisher Funds, National Bank, Sovereign and Westpac) have one each.
Sector winners are determined on a “blend of Morningstar’s risk-adjusted quantitative ratings and one year fund performance.”
To win the overall award a fund must have offered funds in at least three of the seven sectors. Points are awarded to each manager for the top three placings in each sector. These points are then weighted based on the importance of each asset class in the market.
The winners will be announced this weekend.
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