Retail funds outperform industry funds

The continuing rise and rise of the share market has ensured retail funds outperformed industry funds both during the March quarter and in financial year to date terms, according to the latest data released by Chant West.

Continuing what has emerged as a trend since the Global Financial Crisis, the Chant West data revealed that retail funds had returned 6.1 per cent for the March quarter, compared to 5.6 per cent for industry funds.

It said that in financial year to date terms, retail funds had also returned 11.7 per cent compared to 10.8 per cent for industry.

However Chant West principal, Warren Chant, noted that industry funds still held the advantage over the longer term, having returned 7.3 per cent against 6.2 per cent over the 15 years to March, 2015.

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Looking at the broader equation for the March quarter, the Chant West data showed that the median growth fund (61 to 80 per cent growth assets) grew 5.8 per cent.

The analysis said this was on the back of a solid six months to December, meaning that growth funds were up 11.1 per cent over the nine months of the financial year to date.

"With only three months to go, it looks increasingly likely that members will see a sixth consecutive positive financial year return, quite possibly in double digits," it said.