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


Milford Named Top Fund Manager In New Zealand For 2021

Milford Asset Management has taken out the top honour at last night’s 2021 Morningstar New Zealand Awards, being awarded Overall Fund Manager of the Year.

Last night’s success continues a strong run for Milford, which has over the past five years been named Morningstar KiwiSaver fund manager of the year in 2019, 2018 and 2016 and was last year named Fund Manager of the Year- Domestic Equities.

The Morningstar Awards 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 2020 calendar year.

In announcing the award, Morningstar said Milford boasts an impressive lineup of capabilities exhibiting notable short and long-term performance across several categories. These features continue to underpin the growth of the firm.

Milford CEO Mark Ryland said Morningstar’s credibility as a leading provider of independent investment research meant its awards were prized by the industry.

“It is especially pleasing that we have been recognised for our strong performance in what has been, and continues to be, a volatile and difficult market environment” said Ryland.

“I’m really proud of this result. Our 30-person investment team offer our clients a huge depth of experience across a wide range of asset classes and strategies. Regardless of the latest investment trend, we are always focused on actively managing risk and delivering consistently strong returns to our clients.”

“The whole team at Milford have a relentless passion for delivering the very best client experience and investment outcomes. We are delighted on behalf of our clients to have this recognised by Morningstar.”

© Scoop Media

Business Headlines | Sci-Tech Headlines


Tourism: Employers Welcome Back Working Holidaymakers

Tourism businesses gearing up for the return of Australian visitors from next week will be relieved to learn that they will also have access to an offshore pool of much-needed job candidates, Tourism Industry Aotearoa says. Tourism employers around ... More>>

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>


Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>