POWERED BY MOMENTUM MEDIA
Equities like apples to oranges
According to some asset managers, comparing international and domestic equities is not as simple as it might seem. This is because of the relatively recent distinction between ‘traditional’ international markets and ‘emerging’ international markets.
The term ‘traditional’ refers to the US and European markets, while ‘emerging’ encompasses Brazil, Russia, India and China, referred to as the BRIC countries.
Responding to the growing popularity in Australia for investment in BRIC countries, Standard & Poor’s and Dow Jones recently launched indices to capture these emerging markets.
Stuart James, associate director at Aberdeen, says that this is where the strong performances are to be found. “These only make up about 7 per cent of [traditional international funds], but emerging markets returned 42 per cent for the year up to May 31, 2006,” he says.
Recommended for you
Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transfers.
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
