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.
Recommended for you
The structural shift towards active ETFs will reshape the asset management industry, according to McKinsey, and financial advisers will be a key group for managers to focus their distribution.
ASIC has warned that practices across the $200 billion private credit market are inconsistent and, in some cases, require serious improvement.
A surge in electricity prices has driven the monthly Consumer Price Index to its highest level in a year, exceeding forecasts.
Infrastructure well-positioned to hedge against global uncertainty, says investment chief.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
