With growth of almost 20% in the last 12 months, Mercer has surpassed NZ$5 billion in assets under management (AUM) across Mercer KiwiSaver, Mercer SuperTrust and other investment funds. The milestone reflects Mercer’s strong investment performance and demand from New Zealand investors to help navigate market opportunities and volatility.
The growth has been driven by a number of new clients, including the New Zealand Defence Force, Rotorua Trust and the Alliance Group Superannuation Scheme, coupled with strong and sustainable investment performance.
According to Mercer’s latest industry-wide KiwiSaver Survey, Mercer’s balanced and growth funds were the top performers over the March quarter, with the Mercer KiwiSaver Conservative Fund the best-performing default fund over the last seven years. Morningstar also ranks Mercer KiwiSaver as a top performer within its Conservative category.
Mercer’s Managing Director in New Zealand, Martin Lewington, said, “We’re very proud of nearly 30% growth since 2014 and we’re confident of continued growth.”
“There are a lot of factors driving our growth, but one of the most important has been our ability to always put our clients first, we genuinely believe this is transforming our business. For us, putting the customer first means working with our clients to develop the best products and solutions for their employees and businesses.
“Delivering long-term growth for New Zealanders to help deliver better retirement outcomes is our focus, and to this end we are delivering,” said Mr Lewington.
As at the end of Q1 2016, Mercer’s global AUM stood at close to US$140 billion, of which $US20 billion is invested in the portfolios constructed and managed in the Pacific region. Mercer advises on almost $10 trillion assets under advice globally and was recently ranked number one in the world for “full discretion Outsourced CIO” engagements (through Mercer’s Delegated Solutions) according to the 2016 Chief Investment Officer Magazine (aiCIO) annual survey.
Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance of their most vital asset – their people. Mercer’s more than 20,000 employees are based in more than 40 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people. With 57,000 employees worldwide and annual revenue exceeding $13 billion, Marsh & McLennan Companies is also the parent company of Marsh, a leader in insurance broking and risk management; Guy Carpenter, a leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a leader in management consulting. For more information, visit www.mercer.co.nz. Follow Mercer on Twitter @Mercer_NZ.