AMP Henderson Wins Three GSF Mandates
1 November 2001
The Government Superannuation Fund Authority (GSF) has awarded three investment mandates to AMP Henderson Global Investors.
These are New Zealand fixed interest (active) for $248 million, global equities (passive) for $800 million and the residual fixed interest mandate.
The residual fixed interest portfolio will be sold down in a tender process over the next two years. AMP Henderson and GSF have ensured that the bonds are available to the repurchase market.
“We were impressed with the rigour of GSF’s process for selecting fund managers,” said Chris Wozniak, chief investment officer for AMP Henderson. The GSF ran a targeted selection process to a tight timeframe with skilled personnel, and they did it well.”
“Winning three of the mandates is a great credit to our team and hugely satisfying to all those who participated.”
“We were particularly pleased to win the global passive mandate with our super WiNZ product. “
WiNZ (the World Index NZ Fund) is a passive index fund that invests into the “grey list” countries that New Zealand has double tax treaties with. Since its launch in 1997 WiNZ has become the single most successful indexed fund in New Zealand, attracting over $2 billion of New Zealanders funds.
The WiNZ fund is currently increasing the number of stocks it invests in. As a result WiNZ will soon invest in over 750 stocks in six countries to further enhance its diversification.
“Being selected for the fixed interest and residual mandates was also very pleasing and reinforces the market standing of our fixed interest team.”
AMP Henderson Global Investors is New Zealand’s largest investment management company. Winning the three GSF mandates has pushed AMP Henderson Global Investors total funds under management to over $11 billion.