Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

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.

Ends.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Industry Report: Growing Interactive Sector Wants Screen Grants

Introducing a coordinated plan that invests in emerging talent and allows interactive media to access existing screen industry programmes would create hundreds of hi-tech and creative industry jobs. More>>

ALSO:

Ground Rules: Government Moves To Protect Best Growing Land

“Continuing to grow food in the volumes and quality we have come to expect depends on the availability of land and the quality of the soil. Once productive land is built on, we can’t use it for food production, which is why we need to act now.” More>>

ALSO:

Royal Society: Calls For Overhaul Of Gene-Technology Regulations

An expert panel considering the implications of new technologies that allow much more controlled and precise ‘editing’ of genes, has concluded it’s time for an overhaul of the regulations and that there’s an urgent need for wide discussion and debate about gene editing... More>>

ALSO:

Retail: Card Spending Dips In July

Seasonally-adjusted electronic card spending dipped in July by 0.1 percent after being flat in June, according to Stats NZ. Economists had expected a 0.5 percent lift, according to the median in a Bloomberg poll. More>>

ALSO:

Product Stewardship: Govt Takes More Action To Reduce Waste

The Government is proposing a new way to deal with environmentally harmful products before they become waste, including plastic packing and bottles, as part of a wider plan to reduce the amount of rubbish ending up in landfills. More>>

ALSO:

Earnings Update: Fonterra Sees Up To $675m Loss On Writedowns

“While the Co-op’s FY19 underlying earnings range is within the current guidance of 10-15 cents per share, when you take into consideration these likely write-downs, we expect to make a reported loss of $590-675 million this year, which is a 37 to 42 cent loss per share." More>>

ALSO: