POWERED BY MOMENTUM MEDIA
Greece still hurting fund performance
Uncertainty in Greece is still driving poor performance, according to SuperRatings SR50 Balanced Index for May.
All funds were down, with the best performer losing 0.53 per cent compared to the lowest return of -3.60 per cent.
The median balanced fund, where 70 per cent of members are invested, fell -2.2 per cent in May, while the median financial year-to-date return was 0.25 per cent.
Australian and international equities were up in June following Greece's election and formation of a new government, but volatility was ensured until European leaders take decisive action, according to SuperRatings.
The slight rise in equities in June takes the median financial year-to-date return to 0.50 per cent, the report said, adding the financial year could finish in the black if the market was able to hang onto the month's gains.
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
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.63 3 y p.a(%)
3
Fidante Credit Suisse Global Private Equity
32.16 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
5
Plato Global Alpha A
27.76 3 y p.a(%)
