POWERED BY MOMENTUM MEDIA
Share fund manager outperforms index: Morningstar
The median Australian share fund manager surpassed the index return by 0.6 per cent over September, the Morningstar Australian Institutional Sector Survey showed.
Longer-term annualised returns stood at 6.5 per cent over the year, 16 per cent over three years and 7.3 per cent over five years.
Allan Gray was the best performer among Australian share strategies over the year to 30 September at 16.4 per cent, followed by Millinium (12.8 per cent) and Solaris High Alpha (10.3 per cent).
The median international share fund manager's return stood at 19.5 per cent over the year and 22.5 per cent over the three years to 30 September.
Finishing first was BlackRock Alpha Tilts (24.1 per cent), followed by BlackRock Scientific (23.6 per cent), and Bernstein Strategic (23.3 per cent).
Growth assets were a mixed bag in September, with international shares standing at 4.3 per cent, global listed property at -4.9 per cent, Australian listed property at -5.3 per cent and Australian shares at -5.4 per cent.
The median Australian property security manager added 12.9 per cent over the year, beating the index of 12.2 per cent. Legg Mason was the best performer at 14.3 per cent, followed by Ibbotson (13.9 per cent), and Zurich (13.6 per cent).
Healthcare was the best performing sector of the Australian share market at -0.1 per cent, followed by utilities (-2.5 per cent), and consumer staples (-3.4 per cent).
Resources (-6.6 per cent), materials (-6.4 per cent), and financials showed weak returns over the September month.
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
31.12 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(%)
