ANZ Investments signs deals with BlackRock and Mercer

Fri, 11 Aug 2023

ANZ Investments has signed deals to work with global asset managers BlackRock and Mercer.ANZ is the country’s largest KiwiSaver manager, with $19.7 billion in funds under management and a 20% market share. On top of that, it manages money outside of KiwiSaver on behalf of New Zealand investors.Rumours had been swirling among market players that ANZ had sold or outsourced the management of its portfolios to BlackRock.But in a statement, ANZ said it had signed separate, non-binding memorandums of understanding with both BlackRock and Mercer...

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