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


ING cements position as leading fund manager

10 March 2006

ING cements position as leading fund manager

In the annual quest for the country’s top fund managers, independent global research house Morningstar has named ten-times past winner ING as overall Fund Manager of the Year 2005.

Over fourteen years, ING has now been awarded the premier award eleven times. The Awards recognise New Zealand retail funds management excellence during the previous calendar year, based on a combination of a quantitative research, as well as one-year performance to 31 December 2005.

As well as winning the major Award, ING was a finalist in four of the six underlying sector Awards, winning the Multisector and Property categories. Newly appointed CEO of ING New Zealand, Marc Lieberman, says he is extremely impressed by the company’s track record of investment expertise. He paid tribute to the effort of all staff over the past twelve months.

Mr Lieberman also noted that the New Zealand funds management industry, while clearly small compared with his native United States, was nevertheless extremely competitive.

“There has been considerable rationalisation over the past few years, so that only those managers with proven expertise and long-term intentions remain in the market. The result is an environment in which these managers have to work exceptionally hard to differentiate themselves and rise above the competition,” he says.

“ING has met that challenge, while still maintaining quality standards and achieving growth and performance for its clients.” Mr Lieberman believes the Morningstar awards provide the investing public with an extremely useful and credible means of identifying the best fund managers. ING began operating in New Zealand in 1989 with 12 people, managing just $100 million. Today, staff number 260, and funds under management total over $8 billion.


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news