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Aussie fund managers on par in July
Australian fund managers came in slightly below the index last month, a Morningstar report shows.
The median fund returned 4.2 per cent in the month to July 31, 0.2 per cent below the index, with annualised returns 17.2 per cent for the year, 14.5 per cent over three years and 11.1 per cent over five years.
Allan Gray (27.4 per cent), Millinium (24.7 per cent) and Bernstein Value (23.3 per cent) offered the highest returns for the month.
Materials was again the best performing sector for July, returning 7.7 per cent, followed by resources at 6.7 per cent and information technology at 5.7 per cent.
Utilities (0.9 per cent), energy (2.2 per cent), and healthcare (2.9 per cent) again returned less favourable growth.
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The fund manager remains positive on the outlook for gold and believes ongoing market volatility will provide opportunities to acquire small-cap stocks in promising sectors.
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TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
