Harbour Asset Management named top fund manager of the year

Harbour Asset Management head Andrew Bascand

Harbour Asset Management has taken out the Morningstar New Zealand Fund Manager of the Year 2017 award for the second year in a row.

Independent fund research company Morningstar says Harbour is one of the best stewards of New Zealand investors’ money. It was also a finalist in the domestic equities and fixed interest categories.

“The shop applies a detailed, well-thought-out investment process to all its funds, has an open and transparent approach, and has consistently delivered market-leading longer-term returns,” Morningstar's Chris Douglas says.

Harbour Asset managing director Andrew Bascand says winning the title for the second consecutive year validates his team’s goal to be the “most trusted in the industry.”

 “New Zealand’s capital market continues to be vibrant. I hope we can continue to attract talented people to become investment managers and custodians, to safeguard and grow the savings of New Zealanders."

In the other four categories, ASB Bank won the KiwiSaver fund manager category, the fixed interest category went to AMP Capital, Devon Funds Management won the domestic equities category and Elevation Capital took out the international equities category.  

 


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Commenter icon key: Subscriber Verified

Lots of high fives here but little in the way of data...performance is the bottom line so what was the managers alpha in each asset class...any performance fees and if there were was the benchmark properly specified...is Morningstar independent of fund managers...I seem to remember the fca being critical.maybe some analysis required here.

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