POWERED BY MOMENTUM MEDIA
Poor results for Aussie share managers
Australian share fund managers generally posted poor results in August with the median Australian share manager falling 1.2 per cent for the month, according to Morningstar's institutional sector survey.
However, the share fund managers were up 10.8 per cent over the year to 31 August 2016, ahead of the S&P/ASX 300 index's 9.7 per cent.
The best-performing Australian share strategies over the year were Allan Gray (33.2 per cent), Bennelong Concentrated (32.4 per cent), and Hyperion (28.4 per cent).
The median global share manager returned 0.8 per cent on an unhedged basis, with Orbis taking the lead at 11.2 per cent, followed by Antipodes (10.6 per cent), and Colonial First State (7.9 per cent).
The survey found growth assets had produced mixed results over the month, with global equities performing best at 1.3 per cent. Australian equities followed at -1.6 per cent, global listed property at -2.6 per cent, and Australian listed property at -2.8 per cent.
The median Australian property securities gained 26.5 per cent over the year, slightly above the index's 25.9 per cent.
Recommended for you
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.
The fund has unveiled reforms to streamline death benefit payments, cut processing times, and reduce complexity.
A ratings firm has placed more prominence on governance in its fund ratings, highlighting that it’s not just about how much money a fund makes today, but whether the people running it are trustworthy, disciplined, and able to deliver for members in the future.
AMP has reached an agreement in principle to settle a landmark class action over fees charged to members of its superannuation funds, with $120 million earmarked for affected members.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
