POWERED BY MOMENTUM MEDIA
Large cap managers outperform in March
The median large cap investment manager returned 1.5 per cent above the benchmark in March, propelled by the third consecutive month of positive returns for the ASX300, according to Morningstar's Australian Institutional Sector Survey.
The top performers in the large cap space for March were Dalton Nicol Reid Income (up 4.5 per cent) and Lincoln (up 4.4 per cent).
The best performing large cap Australian share strategies over the year to March 2012 were rated as Lazard Select (up 8.2 per cent), Bennelong Concentrated (up 4 per cent) and Lazard Australian Equity (up 3.4 per cent).
Top yearly returns for small cap fund managers came from BT MicroCap and Colonial First State Future Leaders, while OC produced the highest gross return for March.
Magellan, Perpetual and Wingate posited the best performing international strategies over the year, while Magellan and Franklin Global Growth were the best performing international strategies for March.
International share markets were up in March, with the MSCI World ex-Australia NR index posting a 5.8 per cent return for the month and 0.7 per cent for the year.
The best performing Australian listed property strategies over the year were APN, S G Hiscock and Antares, although the sector recorded a -0.7 per cent drop for the month.
Best performers among Australian fixed income strategies for March were Goldman Sachs JB Were and AMP.
Macquarie True Index, AMP and Perpetual performed best for the year, with the UBS Composite Board Index returning 10 per cent for the year and 0.9 per cent for the month.
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(%)
