Did you know…Tight at the top in NZ
The battle for supremacy in New Zealand’s funds management industry is far more evenly poised than in Australia.
Tower has stood at the top of the market in New Zealand for a number of years but as always Tyndall (now known as Royal & SunAlliance) are hard at the group's heels. Less than $200 million separates the top two, according to research house IPAC.
In Australia AMP is still streets ahead of its nearest rival Colonial in terms of funds under management. More than $15 billion separates the top two.
AMP is the only one of the top five managers in Australia to also appear in New Zealand's top five. AMP and BNZ are the two fund managers in the top five to also appear in the top five for the fastest growing funds for the September quarter.
Top 5 New Zealand fund managers
Manager Funds under management
1: Tower Group 1892
2: Royal and SunAlliance 1708
3: AMP 1585
4: Armstrong Jones 1497
5: BNZ 1228
Source: IPAC
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