Friday 7th May 2004 |
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The latest Mercer Investing Consulting survey shows the median return for the three-year period to March 31, 2001 was 8% a year. In contrast, the median return for the three-year period to March 31, 2004 was 3.8% a year.
In March 2001, BT Funds Management was the highest- performing manager, with a return of 9.4% per annum. In the March 2004 survey Arcus was the highest-performing manager with a return of 6.1% per annum, while BT dropped to eighth position. In contrast, Tower ranked seventh of the managers in the March 2001 survey but is the second-highest performing manager in the current survey, returning 5.5% per annum over the past three years.
Guardian Trust Funds Management achieved the highest return for the quarter with 3.7%, followed by Tower Asset Management with a return of 3.4%. The median return for the quarter was 3.1%.
Returns for the past 12 months have ranged between a gross return of 25.7% from Arcus to a 15.0% return from BNZ Investment Management.
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