POWERED BY MOMENTUM MEDIA
Master trusts narrow gap on industry funds
Master trusts are playing catch-up with industry funds, according to a survey conducted by key consultancy Chant West Financial Services.
According to the Chant West Multi-Manager Survey, master trusts have been shaken by the out-performance of industry funds over the past six years — something that has prompted them to look at the way in which they are doing business, including their strategic asset allocation.
Chant West said that by changing their strategic asset allocations, the master trusts had narrowed the gap with industry funds, with differences in performance over the past three years being minor.
It said the most marked change to the asset allocation of master trusts had been their larger exposure to alternative assets.
Looking into the future, the survey suggests that industry funds may need to make some adjustments to their strategic asset allocations to maintain their competitive performance advantage.
AUTHOR
Mike Taylor
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
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(%)
