Meet our investment managers: Part one – Harbour Asset Management

Investing involves a great deal of expertise and thoughtful decision making behind the scenes. BNZ Investment Services Limited (BNZISL) – the issuer and manager of the investment products offered by BNZ – leverages its own deep knowledge alongside the expertise of experienced local and international investment managers. These investment managers have teams of specialists who make sure your money is working hard for you.

A strong team of experts behind the scenes

In this new series, we’re going to take a deeper look into the investment managers we use, starting locally with Harbour Asset Management Limited (Harbour). Harbour recently joined forces with BNZISL, JBWere New Zealand and Jarden Wealth to create a leading wealth management business in New Zealand called FirstCape Group. You can read more about this here.

Before we jump in to learn about Harbour, it’s probably worth explaining a little bit more about how these investment products, like the BNZ KiwiSaver Scheme and YouWealth, operate. As the manager, BNZISL is responsible for looking after your investments. This includes setting the investment strategy, selecting and monitoring global and domestic investment managers (referred to as underlying managers), and making sure your investments are well diversified.

Why a range of underlying investment managers is used

Investment managers bring specific expertise to particular asset classes. Asset classes are different types of investments, for example, shares, bonds, property and cash. BNZISL changes its underlying managers from time to time to ensure it maintains the highest standards in its investment offering. You can see a current list of the current underlying managers here.

Who are Harbour Asset Management

Harbour is a New Zealand based fund manager, managing more than $11.5 billion for a variety of clients including charitable trusts, community trusts, iwi, crown financial institutions and superannuation schemes. With 17 investment professionals and a collective combined experience of over 350 years through different market cycles, Harbour has one of the most well resourced investment teams in the country. Harbour has a strong track record and is committed to responsible investing, with sustainability forming an integral part of their investment process and team values.

Local experts looking after your investments

Harbour look after cash, New Zealand fixed interest, and Australasian equities asset classes for BNZISL investment products, including the BNZ KiwiSaver Scheme and YouWealth. Harbour have specialist portfolio managers for each of these asset classes, backed by a team of dedicated researchers and economic analysts. These investment products utilise a blend of active and passive management through Harbour – you can read more about active and passive investing here.

BNZ Investment Services Limited, a wholly owned subsidiary of Harbour Asset Management Limited, is the Issuer and Manager of the BNZ KiwiSaver Scheme and YouWealth. Download a copy of the Product Disclosure Statements:

• BNZ KiwiSaver Scheme Product Disclosure Statement (PDF 1.1MB)
• YouWealth Product Disclosure Statement (PDF 1.4MB)

Investments in the BNZ KiwiSaver Scheme and YouWealth are not bank deposits or other liabilities of Bank of New Zealand (BNZ) or any other member of the National Australia Bank Limited group. They are subject to investment risk, including possible delays in repayment. You could get back less than the total contributed. No person (including the New Zealand Government) guarantees (either fully or in part) the performance or returns of the BNZ KiwiSaver Scheme or YouWealth, or the repayment of amounts contributed. National Australia Bank Limited, the ultimate owner of BNZ, is not a registered bank in New Zealand but a licensed bank in Australia and is not authorised to offer the products and services mentioned on this webpage to customers in New Zealand.

BNZ Investment Services Limited (BNZISL) uses the BNZ brand under licence from Bank of New Zealand, whose ultimate parent company is National Australia Bank Limited. No member of the FirstCape group (including BNZISL) is a member of the NAB group of companies (NAB Group). No member of the NAB Group (including Bank of New Zealand) guarantees, or supports, the performance of any member of FirstCape group’s obligations to any party.

This article is solely for information purposes. It’s not financial or other professional advice. For help, please contact BNZ or your professional adviser.

No party, including BNZ, is liable for direct or indirect loss or damage resulting from the content of this email. Any opinions in this email are not necessarily shared by BNZ or anyone else.