Written: 06 May 2022

Author: Jono O'Grady

3min read

Welcome Milford Asset Management!

It’s exciting times, as we welcome funds from award-winning fund manager Milford Asset Management to the Flint platform. Milford is recognised as one of the leading players in the New Zealand managed funds space, with a large offering for investors across all ages and stages. Milford brings an active approach to funds management, with a focus on sustainable investing. With 11 Milford funds now available through Flint, it seemed timely to share some background on Milford.

Milford Asset Management is one of the most prominent names in wealth management in New Zealand. They are a majority Kiwi-owned company with employees in the business who are also owners. The team have skin in the game as both owners and investors, showing a commitment to the business. Milford is a significant business with over $15 billion of funds under management and an impressive history including a track record of industry awards. In 2021, Milford was recognised as the Research IP Fund Manager of the Year within the New Zealand market. Milford has also been recognised as the Morningstar New Zealand Overall Fund Manager of the Year 2022 – an impressive achievement. These awards reflect the strong performance of Milford funds over recent years.

Company focus

As a fund manager, Milford operates to a core set of company beliefs: an active management philosophy, investing alongside their clients, employee ownership, seeking to provide outstanding service and supporting their community. Each fund manager on Flint brings a slightly different flavour, or focus to the investment conversation, and Milford brings a strong focus on active and sustainable investing.

Active investing

As an active manager, Milford ‘constantly re-evaluate [their] investments to achieve the best outcomes.’ They ‘take advantage of investment opportunities as they arise and seek to minimise downside risk when markets are less favourable.’  In commenting on active investing Milford shares:

‘Investment markets are in a state of constant change, therefore we adopt an active approach to investing. This allows us to take advantage of investment opportunities as they arise and manage risk along the way.’

Sustainable investing

Milford also focus on sustainable investing through engagement and EGS factors and comment:

‘At Milford, we are committed to creating a more sustainable future by driving companies we invest in to improve the sustainability of their practices. 

As active managers, we have always undertaken detailed analysis to find the best companies, including their environmental, social and governance performance. This work is at the core of our investment decision making process and we analyse the ESG credentials of every company we invest in.’

Flint is committed to increasing knowledge and awareness of sustainable and ethical investing within New Zealand and is a member of RIAA, the Responsible Investing Association Australasia. For more information on our partnership with RIAA, you can read our article on RIAA here.

Milford Funds available on Flint

We’re thrilled to have Milford onboard and the investment possibilities that this opens to Flint investors. As of May 2022, the following Milford funds are available on Flint:

·       Milford Active Growth

·       Milford Aggressive

·       Milford Australian Absolute Growth Fund

·       Milford Balanced Fund

·       Milford Cash Fund

·       Milford Conservative

·       Milford Diversified Income Fund

·       Milford Global Corporate Bond Fund

·       Milford Global Equity

·       Milford Trans-Tasman Bond

·       Milford Trans-Tasman Equity

For information on each fund including a funds asset focus, geographical focus, fund performance and fees head over the Flint platform and take a look. We’d encourage you to have a deep dive into the Milford funds on the Flint platform! Check out each of the Milford Product Disclosure Documents for further information on Milford funds.

Happy researching!

Flint

IMPORTANT NOTICE AND DISCLAIMER:

All content shared is of a general nature, current to the time it was penned, and is not financial advice. Before making any investment decisions, please be sure you have completed full due diligence. This should include reading the product disclosure statement (PDS), considering fees and taxation, identifying your time horizons, and understanding the performance history and reputation of the investments you are considering.

Please note: When investing you are not guaranteed to make money (and on occasion you may lose some or all of the money you began with). Seek independent advice to establish if an investment is suitable for your financial situation and long-term wealth generation goals.

References

https://www.moneyhub.co.nz/favourite-funds.html

https://milfordasset.com/about-us/story

https://milfordasset.com/about-us/active-investing

https://research-ip.com/awards/