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Australian shares shine over October: Morningstar
Australian shares continued to perform well in October, with the asset class recording its fourth consecutive month of positive performance.
According to Morningstar Australian Institutional Sector Survey, the S&P/ASX300 index returned 3.9 per cent, lifting the financial year-to-date result to 14.6 per cent.
Financials (5.5 per cent), healthcare (4.5 per cent) and industrials (4.3 per cent) notched up the best performances in October.
Poorer performing areas included energy (0.2 per cent), utilities (1.1 per cent) and industrials (1.9 per cent).
The best-performing Australian share strategies over the year to 31 October were Millinium (45 per cent), Bennelong Concentrated (41.8 per cent) and Hyperion (41 per cent).
The report said international share markets were up strongly in aggregate Australian dollar terms over the past year. The share strategy’s return was 39 per cent over the year and 13.2 per cent per annum over the three years to 31 October.
The best performing strategies over the year was Orbis (59.4 per cent), Bernstein Global Strategic (51.2 per cent) and Wellington Global Growth (48.8 per cent).
The Australian property securities index gained 13.3 per cent over the past year, with Zurich (17.9 per cent), Legg Mason (17 per cent) and BlackRock (16.2 per cent) the best performers.
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TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
37.15 3 y p.a(%)
3
GAM LSA Private Shares AU I
33.96 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
Plato Global Alpha A
28.73 3 y p.a(%)
