POWERED BY MOMENTUM MEDIA
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
CFS has credited its investment team’s disciplined approach to managing volatility as a key factor in delivering strong returns for MySuper members.
TelstraSuper has announced a return of 12.67 per cent for its MySuper Growth investment option for the calendar year.
The Super Members Council (SMC) has called for a removal of the “outdated” 30-hour threshold for workers under 18 to guarantee all young Australian workers receive a super start to work.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
36.43 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
35.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
