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.

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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.