Poor results for Aussie share managers
Australian share fund managers generally posted poor results in August with the median Australian share manager falling 1.2 per cent for the month, according to Morningstar's institutional sector survey.
However, the share fund managers were up 10.8 per cent over the year to 31 August 2016, ahead of the S&P/ASX 300 index's 9.7 per cent.
The best-performing Australian share strategies over the year were Allan Gray (33.2 per cent), Bennelong Concentrated (32.4 per cent), and Hyperion (28.4 per cent).
The median global share manager returned 0.8 per cent on an unhedged basis, with Orbis taking the lead at 11.2 per cent, followed by Antipodes (10.6 per cent), and Colonial First State (7.9 per cent).
The survey found growth assets had produced mixed results over the month, with global equities performing best at 1.3 per cent. Australian equities followed at -1.6 per cent, global listed property at -2.6 per cent, and Australian listed property at -2.8 per cent.
The median Australian property securities gained 26.5 per cent over the year, slightly above the index's 25.9 per cent.
Recommended for you
The regulator has fined two super funds for misleading sustainability and investment claims, citing ongoing efforts to curb greenwashing across the sector.
Super funds have extended their winning streak, with balanced options rising 1.3 per cent in October amid broad market optimism.
Introducing a cooling off period in the process of switching super funds or moving money out of the sector could mitigate the potential loss to fraudulent behaviour, the outgoing ASIC Chair said.
Widespread member disengagement is having a detrimental impact on retirement confidence, AMP research has found.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
120.73 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
61.94 3 y p.a(%)
