NBNZ tops new Morningstar ratings

Morningstar’s new rating system has seen major changes in fund manager ratings in New Zealand.

The company released its new fund manager ratings on Friday based solely on quantitative measures.

The biggest positive mover is National Bank which has moved from being a three star manager to being the only five star manager.

This move has been greeted with some surprise as National Bank (which is currently on the market) is just a packager of products these days, as opposed to being an asset management firm.

The biggest loser is Westpac that has gone from four stars (five not that long ago) to being the only one star manager.

Manager	New rating	Old rating
National Bank Want to read the full article? Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site. You will also be able to comment on articles on Good Returns. Sign in Previous Article Next Article Latest News MBIE confirms investigation into FMA 1 min read KiwiSaver funds shake off Middle East tension 2 min read Staffing cuts helped Fisher Funds lift annual net profit 21.7% 3 min read [The Wrap] What the heck is happening at the FMA? 3 min read News More Read MBIE confirms investigation into FMA 1 min read KiwiSaver funds shake off Middle East tension 2 min read Staffing cuts helped Fisher Funds lift annual net profit 21.7% 3 min read [The Wrap] What the heck is happening at the FMA? 3 min read Latest Comments Fidelity Life offers premium relief to customers affected by flooding Stay in touch with your Clients and Prospective Clients, not by email, not by text Pick up the phone and meet them for a coffee, or a wine… 2 months ago AlBean Fidelity Life offers premium relief to customers affected by flooding Longitude68 is right that AI is reshaping wealth advice fast - it's already widespread offshore, even if not yet here, and our industry will need to catch up quickly to deliver more deliberate, efficient client solutions. That said, most clients I encounter - largely Silent Generation and Boomers - will keep paying a relationship premium, within reason, to continue with a trusted advisor. Technology's real impact will be displacing advisers built around a single product or philosophy, which will be exposed as the commodities they are. 2 months ago Pragmatic Can the NZ economy grow while house prices stagnate? Between Silk & Conway they currently receive from the NZ taxpayer a salary package in excess of $1M annually. Given they and former Reserve Bank Governor Adrian Orr were collectively responsible for the decisions which saw NZ house prices spiral out of control it's baffles belief now that they still have jobs. 2 months ago Amused Fidelity Life offers premium relief to customers affected by flooding you will never give or receive a warm handshake from AI when you are seeing a client for a terminal illness claim, and you both know you will never see each other again. AI can not look a widow in the eye and tell her it will take care of things, and it will be OK. 2 months ago Aggressively_passive Fidelity Life offers premium relief to customers affected by flooding A high level of my appointments are now being made with an AI agent. “Sarah” responds to inquiries by phone, converses with prospective clients then books them into my calendar. Yesterday a prospect asked Sarah whether she was an AI robot. Sarah responded with a yes and continued to tell him a joke, which he had requested. That interaction was enough for this engineer to proceed with a booked appointment with me. Only time before this old dog is replaced I guess. 2 months ago John Milner