Tuesday 13th of July 1999

Now Available

Safe Haven The Art of Value Investing in New Zealand Click here to order your copy of this important book. Just $29.95

Full details of IPAC's Fund Manager of the Year Awards will be available exclusively online on Good Returns from 7am on Friday morning.
Instead of announcing the winners at a dinner function, IPAC has decided this year to reveal its winners to the media on Friday.
Good Returns will be providing detailed coverage of the winners, plus a full run-down on the category winners and finalists. Included in the coverage will be interviews with the managers and comments from IPAC.
Firms vying for the top award this year are:

Tower Asset Management (last year's winner)

AMP Asset Management

Armstrong Jones.

The overall winner will be decided using IPAC's qualitative, four P formula (people, process, portfolio and performance).
Places in each of the nine categories will be decided on IPAC's star rating system that is based on a risk/return, or quantitative basis.
For full details of who has been nominated visit Good Returns' features section.

With IPAC just days away from announcing the winners of its 8th Annual awards, rival research house Morningstar has put out a "Special Update" press release saying it has given AMP a five star rating.
AMP, which is the largest managed funds company, is only the third company in New Zealand to have a five star rating. The others are WestpacTrust and Armstrong Jones.
Morningstar says it has bumped AMP up from being "a very good" fund manager to an "excellent" one for two reasons.
Firstly, many of the company's funds had had strong performance, compared to similar funds, which improved their ratings. Secondly, AMP Asset Management had disclosed some information which made Morningstar revise upwards its view on the group's corporate strength rating.