Zenith Investment Partners (Zenith) has acquired New Zealand’s leading research business: FundSource, as it expands into offshore markets.
FundSource is one of New Zealand's longest standing investment research houses, having supplied analysis to financial advisers and fund managers since 1983. FundSource is a well-known and trusted brand in the New Zealand market, monitoring approximately 700 funds (unit trusts, KiwiSaver schemes, personal schemes and insurance bonds) totalling over $100 billion in NZ Household savings.
FundSource is a leading source of quality research to market participants, producing qualitative and quantitative research in addition to insightful industry reports. Zenith will continue to build on the brand excellence FundSource has become known for in the NZ market over the past 35 years, while also expanding upon the suite of services available to users.
Commenting on the acquisition co-founder and director David Smythe stated “Zenith is committed to growing the NZ market for funds research and sees a great opportunity to bring together the synergies of a strong brand in the NZ market with the size and scale of our Australian operation from a research and analytical perspective”.