March 2, 2020

Morningstar Announces Winners for 2020 Morningstar New Zealand Awards

SYDNEY, 2 March 2020 -- Morningstar Australasia Pty Limited, a subsidiary of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced the winners of the 2020 Morningstar New Zealand Awards. The annual Awards will be held on Thursday, 5th March at Maritime Room in Auckland, recognising the best of the New Zealand fund management profession that have made substantial contributions to investors’ success as selected by Morningstar’s manager research analysts.

“The winners of the Morningstar New Zealand Awards have proven themselves to be great drivers of investor success,” said Aman Ramrakha, Morningstar Australasia’s Director, Manager Research Ratings. “New Zealand investors are well served by a strong cohort of quality managers, but ANZ Investments wins our Overall New Zealand Fund Manager of the Year award for its impressive history, experienced team of analysts, and strong outcomes across the board in 2019.”  

Award winners are determined by a combination of qualitative research by Morningstar's manager research analysts; risk-adjusted medium- to long-term performance track records; and performance in the 2019 calendar year. The table below shows the category winners, including winners for the Overall Fund Manager of the Year and KiwiSaver awards.

Award

Winners

Overall New Zealand Fund Manager of the Year 

ANZ Investments

Fund Manager of Year: Domestic Equities

Milford Trans-Tasman Equity

Fund Manager of Year: Fixed Interest

Hunter Global Fixed Interest

Fund Manager of Year: Global Equities

OneAnswer International Share

Fund Manager of Year: KiwiSaver

ANZ Investments

Overall New Zealand Fund Manager of the Year
ANZ Investments is named the Overall New Zealand Fund Manager of the Year. Led by Chief Investment Officer Paul Huxford, this quality team continues to deliver outcomes across a range of capabilities. An impressive history and depth of experience across the team make ANZ Investments stellar stewards of investor’s assets.

Fund Manager of Year: Domestic Equities
Milford Trans-Tasman Equity wins this category for its ability to find stocks with underappreciated growth prospects through rigorous fundamental research. Wayne Gentle and Sam Trethewey lead a team of high-quality analysts who have consistently delivered for investors.

Fund Manager of Year: Fixed Interest
Despite strong competition from domestic peers, Hunter Global Fixed Interest comes out on top in this category. PIMCO Global Bond, distributed in New Zealand as Hunter Global Fixed Interest, is led by a team of PIMCO veterans who continue to impress with their highly thought-out investment decisions.

Fund Manager of Year: Global Equities
OneAnswer International Share wins this category for offering a blend of some of the best global equity options. Alan Clarke leads this strategy alongside the broader team at ANZ, taking a measured and high conviction approach to manager selection and exhibiting a tremendously disciplined focus.

Fund Manager of Year: KiwiSaver
ANZ Investments wins the KiwiSaver award amongst a competitive list of nominees. Alan Clarke and Maaike Van Tol are able stewards of this strategy, stepping up after the departures of senior members on the team. KiwiSaver assets continue to grow and investors in this strategy can take comfort in the quality and depth of the ANZ Investment team.

Methodology

Only fund managers with products available for sale in New Zealand qualify for inclusion in the Morningstar New Zealand Awards. Morningstar determines the winner based on a combination of qualitative research by its manager research analysts; risk-adjusted returns over medium- to long-term periods; and performance in the 2019 calendar year. Morningstar's manager research analysts assess the track record for a fund based on Morningstar's Risk-Adjusted Return measure over the one-, three-, five-, and ten-year periods. The objective is to screen for fund managers that have provided consistently strong returns, and not just reward those with the most impressive one-year return.

Morningstar's manager research analysts then conduct a qualitative assessment of the fund managers under consideration. This incorporates the key pillars of the Morningstar Analyst Rating™ – People, Process, and Parent. The qualitative assessment also captures practical issues that quantitative screens cannot. After assessing the quantitative and qualitative outcomes for each fund manager, Morningstar's analysts then debate and decide on the fund managers they believe are worthy winners and finalists across the various Award categories. If a verdict cannot be reached by a unanimous decision, then each analyst casts a vote to decide.

To receive the overall New Zealand Fund Manager of the Year award, a fund manager must have offered funds in multiple award categories or delivered an outstanding outcome for investors. Fund managers were assessed not only on whether they were a finalist in more than one category, but on products that had peer-beating returns but did not obtain a top three position. Morningstar’s Manager Research analysts present the New Zealand Fund Manager of the Year award to the fund manager that had strong returns across multiple categories and was deemed a good steward of investors' capital. The New Zealand Fund Manager of the Year therefore represents the New Zealand fund manager that, in Morningstar's opinion, has achieved the highest level of funds management excellence.

 

The KiwiSaver Award recognises the provider that offers the best solution for New Zealanders' retirement savings needs. The winner is determined by a combination of quantitative and qualitative research by Morningstar's Manager Research analysts, including transparency and disclosure, investor experience, performance, and fees. For more information about Morningstar Awards, visit https://go.morningstar.com/Morningstar-Awards

About Morningstar Australasia Pty Limited and Morningstar, Inc. 

Morningstar Australasia is a subsidiary of Morningstar, Inc., a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with about USD $233 billion in assets under advisement and management as of 31 Dec. 2019. The company has operations in 27 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc.

The Awards are copyrighted to Morningstar. Fund managers may not publicise the Award(s) without the prior written consent of Morningstar.

Analyst Ratings and Award nominees and winners are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar’s current expectations about future events and therefore involve unknown risks and uncertainties that may cause Morningstar’s expectations not to occur or to differ significantly from what was expected. Morningstar does not represent its Analyst Ratings to be guarantees nor should they be viewed as an assessment of a fund’s or the fund’s underlying securities’ creditworthiness. The references above should not be considered a solicitation by Morningstar to buy securities.

©2020 Morningstar, Inc. All Rights Reserved.

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