Nikko Asset Management Tops NZ$4bn in AUM

Nikko Asset Management Tops NZ$4bn in AUM as Global Investors Eye New Zealand

New Zealand investors’ appetite for multi-strategy funds, as well as those focused on global bonds and cash, has driven assets under management (AUM) of Nikko Asset Management New Zealand to exceed NZ$4 billion for the first time, the company announced today. Its AUM increase of 14 percent over the past 12 months was also helped by Japanese and other global investors’ robust demand for exposure to New Zealand.

"We believe our success is due to our local expertise and global outlook as the only dedicated global investment manager in New Zealand,” said Peter Lynn, managing director of Nikko Asset Management New Zealand.

Nikko Asset Management New Zealand has attracted sizable inflows from domestic investors into funds including New Zealand bonds and cash. Internationally, the company has had success gathering a substantial amount of assets from Japan. It has offered a total of five Japan-domiciled New Zealand-dollar denominated bond funds since the start of the year.

“As the New Zealand team of a Tokyo-based company, we have used our insight into Asia to capitalise on increased Japanese investor interest in New Zealand, particularly the New Zealand bond market,” Lynn said. “From a global investor’s perspective, the New Zealand bond market has a high yield combined with a solid credit rating, which is becoming attractive to Japanese investors.”

New Zealand has so far attracted NZ$1.09 billion (92.9 billion yen) in stock and bond investment from Japanese retail and institutional investors since 2008, according to data from Japan’s Ministry of Finance. In contrast, Australia has attracted about NZ$65.7 billion (5.6 trillion yen) worth of funds from Japan.

“Our insight into the Asian investment market has helped us reach our latest milestone. It’s part of our diversified strategy – using our highly experienced local teams to offer leading New Zealand products to Asian investors and bringing best-of-breed global offerings to New Zealand investors,” said Lynn.

Nikko Asset Management New Zealand is the New Zealand subsidiary of Tokyo-based Nikko Asset Management, which held approximately US$160 billion (NZ$205 billion) in AUM as of the end of September.

About Nikko Asset Management
Nikko Asset Management is Asia’s premier global asset manager and is the only global investment manager in New Zealand. Locally, we actively manage approximately NZ$4 billion across a range of asset classes. With over 250 investment professionals, Nikko Asset Management manages US$160 billion of assets for clients across the globe.

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