POWERED BY MOMENTUM MEDIA
Financial year outlook poor for institutional sector
The outlook for institutional sector returns for the financial year was poor at -7.5 per cent with one month left to go, according to Morningstar's Institutional Sector report for May.
The Australian share market dived, returning -6.7 per cent in May after four consecutive months of positive returns.
Lazard Select topped Morningstar's best-performing large-cap Australian share strategies in May, followed by Investors Mutual and Dalton Nicol Reid.
The median manager returned -7.0 per cent in May, with Investors Mutual in prime position returning -3.2 per cent. Dalton Nicol Reid and Lazard Select followed with -4.8 per cent and -5.3 per cent respectively.
Magellan, Wingate and Principle topped the best-performing international share strategies, although international share markets were down again in May with the MSCI World ex-Australia NR Index posting -1.8 per cent returns for the month and -2.0 over the year.
The rollercoaster of Australian listed property returns continued in May, with returns dropping -1.3 per cent after jumping 5.5 per cent in April.
While listed property experienced another downturn, yearly returns to the end of May were 5.6 per cent with APN, SGH and Antares the best performers.
Macquarie True Index, BT and Perpetual attained the best returns in May for Australian fixed income strategies. The UBS Composite Board Index returned 3.1 per cent for the month and 13.2 per cent for the year.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
