In a slimmed down awards ceremony compared to previous years Harbour Asset Management - now part of First Cape - took out the overall funds manager of the year award along with the domestic equities award.
The other two awards went to NZX-owned Quaystreet for KiwiSaver and Nikko Asset Management for fixed interest.
Like last year no award was made for global equities as Morningstar said there were no eligible candidates demonstrating suitable achievement across its award criteria.
Overall, the awards recognise funds and asset managers that have served investors well over the long term and which Morningstar’s manager research team believes will be able to deliver strong risk-adjusted returns over time
“With peak inflation, growth uncertainty and ongoing geopolitical uncertainty, the U.S. Elections, 2024 was a challenging year to navigate, even for the best investors” Morningstar Australasia Director, Manager Research Matt Olsen said.
“Despite the turbulent past year, our nominated fund managers demonstrated an ability to deliver quality, high-performing investments and have stood above peers with exceptional returns over the longer term.”
Award finalists and winners are determined by a combination of research by Morningstar's manager research analysts; risk-adjusted medium- to long-term performance track records; and performance in the 2024 calendar year.
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