ANZ Wealth receives Morningstar Fund Manager of the Year

ANZ National Bank Ltd, a subsidiary of Australia and New Zealand Banking Group Limited

Media Release

2 March 2012

ANZ Wealth receives Morningstar Fund Manager of the Year Award for OnePath

ANZ’s specialist fund manager, OnePath, has been awarded Morningstar Fund Manager of the Year[1] 2012. For the second year in a row, OnePath was also named KiwiSaver Manager of the Year. Morningstar is the leading international provider of independent investment research and the awards were announced yesterday evening.

ANZ Wealth Managing Director, John Body said: “This is a fantastic achievement following last year’s Morningstar KiwiSaver Manager of the Year Award 2011. The awards recognise the quality of ANZ’s investment management and our expertise in KiwiSaver. It’s particularly pleasing given the criteria Morningstar used to decide the winners.”

Morningstar Australasia’s Co-Head of Fund Research, Chris Douglas, said: “The award-winners have shown themselves to be outstanding stewards of their investors’ capital, and our analysts consider OnePath offers the best all-round solution for New Zealanders’ retirement savings needs. This achievement is testament to the quality of the firm’s processes and people, and to the consistent results the fund manager has produced for investors in its funds.”

John Body said: “It’s important for investors to be able to differentiate the best options available to them for KiwiSaver. As well as meeting investors’ expectations for fund performance we are also committed to raising the bar for communications and delivering educational materials to help investors.”

More than 450,000 New Zealanders are entrusting their retirement savings to ANZ, with almost 1 in 4 of those people in KiwiSaver choosing our schemes.

“We’ve been measured against strong competition to win the KiwiSaver award. The Morningstar research team used 7 categories including the quality of our regular updates, the transparency of disclosure, fee levels, education material, our website tools and content, and the quality of our customer support. We’re proud to lead the market in terms of our membership, but we are also fully focused on delivering the best service and the most appropriate solutions to help New Zealanders save for their retirement,” John Body added.

ANZ New Zealand is the country's largest financial institution and one of the nation's largest companies. Its brands include ANZ Bank, National Bank, OnePath, UDC Finance, EFTPOS, Bonus Bonds and Direct Broking. Around one in two New Zealanders has a financial relationship with ANZ New Zealand.

ENDS

[1] © 2012 Morningstar, Inc. All rights reserved. Neither Morningstar, nor its affiliates nor their content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. To the extent that any of this information constitutes advice, it is general advice and has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 and/or Morningstar Research Limited (subsidiaries of Morningstar, Inc.) without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement (in respect of Australian products) or Investment Statement (in respect of New Zealand products) before making any decision to invest. Neither Morningstar, nor Morningstar’s subsidiaries, nor Morningstar’s employees can provide you with personalised financial advice. To obtain advice tailored to your particular circumstances, please contact a professional financial adviser. Please refer to our Financial Services Guide (FSG) for more information www.morningstar.com.au/fsg.asp

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