ANZ Funds Management Announces Record Quarter For Net Funds Flow
ANZ Funds Management today announced that it had received an all time record retail net flow into its funds of NZ$103
million, for the quarter ending 30th June 2001.
ANZ Funds Management General Manager, Graham Duston, believed that there were a number of different reasons for this
record quarter including a more sophisticated and educated investing public.
"Although we have had some very volatile investment markets over the last 12 months we are starting to find that both
existing and prospective investors understand investment cycles better today. They tend to be more focused on their long
term goals and strategies as opposed to short term market fluctuations," he said.
Mr Duston also stated that while ANZ has been effective in its own efforts to educate and inform clients, as well as
providing solid returns for investors, a lot of the work done by the industry and financial commentators over the last
few years had set the education frame work in place.
The record net funds flow was received across all product sectors and asset classes. Recent distribution initiatives
within ANZ had involved developing and launching a mass-market proposition for its branch network to compliment its
existing Financial Planner proposition. This had also been a strong contributor.
"Funds Management has traditionally been seen as something for people with a lot of money. Whilst we have a very strong
Wealth Management programme in place, this new proposition compliments the existing programme and means that we can now
offer a strong funds management proposition to most investors in New Zealand," Mr Duston said.
ENDS
Appendix
Table One
ANZ Funds Management Net Funds Flow by Asset Class
Fund $ million
Diversified 17,208,598
International Equity 15,657,526
NZ Equities 418,521
Fixed Interest 14,335,551
Property 105,500
NZ Mortgage 54,386,415
NZ Cash 1,733,868
Total 103,845,979
Table Two
ANZ Funds Management Net Funds Flow by Product Type
Product Type $ million
Unit Trusts 64,755,912
Australian Unit Trusts 26,080,195
Group Investment Funds 9,728,617
Superannuation Funds -5,751,840
Insurance Bonds 9,033,095
Total 103,845,979
Ends