Question 1

What is a licensed manager of a New Zealand managed fund?

Accepted Answer

Every managed investment scheme in New Zealand has one manager licensed by the Financial Markets Authority under Part 6 of the Financial Markets Conduct Act 2013. That entity holds the licence for the scheme and is named on the cover of the scheme’s Statement of Investment Policy and Objectives (SIPO).

Question 2

Is the licensed manager the same company as the brand on the fund?

Accepted Answer

Often not. Holding the FMA licence for a scheme is a distinct role from selecting the investments within it, and from custody and supervision, which are performed by other parties. 5 of the 26 licensed managers named in New Zealand retail managed-fund SIPOs are the licensed manager for funds sold under more than one brand.

Question 3

Which licensed manager holds the most New Zealand retail managed funds?

Accepted Answer

FundRock NZ Limited is named as the licensed manager in the SIPOs of 52 funds across 21 brands and 21 schemes — the largest count among the 26 licensed managers covering the 261 New Zealand retail managed funds in the ManagedFundsNZ universe. Each fund links to the SIPO that states it.

Question 4

Where does this information come from?

Accepted Answer

Each scheme’s SIPO, lodged on the FMA Disclose register. Every fund listed links to the SIPO document and its date. Funds whose SIPO has not been ingested are omitted rather than estimated, so each count is a floor.