BT, AMP bleed retail funds while Milford takes lion's share

BT, AMP bleed retail funds while Milford takes lion's share
AMP's market share of both retail and wholesale managed funds fell to 5.9% in the June quarter. (Image: Deposit Photos)
Jenny Ruth
AMP, AMP Capital and BT including Westpac are bleeding retail funds and losing market share in the New Zealand funds management industry while Milford Asset Management snagged more than half the net new retail investment inflows in the June quarter.That's according to the latest data from Zenith Investment Partners (formerly Fundsource).The data showed BT, which is owned by Westpac, suffered the largest retail funds outflow of $290.2m in the June quarter when the industry as a whole enjoyed a $2.64 billion net funds inflow in the latest thr...

More Finance

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Duncan Bridgeman 26 Jun 2025
Aussie fund manager Shaws buys Devon Funds
Finance

Aussie fund manager Shaws buys Devon Funds

The deal is the latest tie-up between Australian and NZ funds managers.

Staff reporters 24 Jun 2025