POWERED BY MOMENTUM MEDIA
Small caps recovery helps March result
Small cap stocks made something of a comeback in March, according to the latest Mercer sector surveys.
The Mercer data, released this week, revealed that the recovery in the small cap sector represented a turnaround from earlier months where the large cap shares had tended to dominate in the broader index.
The data showed that the S&P/ASX 300 Index recorded a gain of 8.1 per cent, which was the best monthly return since December 1993, and the first monthly rise since August last year.
However, it pointed out that over 12 months the local market was still down 29.8 per cent.
It said the fundamental factors supporting Australian shares included reasonable valuations, high dividend yields, lower cash rates and well-capitalised banks relative to global peers.
The Mercer analysis also noted that overseas share markets had recovered in March following major policy announcements in the US and UK and suggestions that some economic indicators were bottoming.
AUTHOR
Mike Taylor
Recommended for you
The Your Future, Your Super scheme and RG 97 may be directing capital away from more productive uses and discouraging active investment strategies, says the independent MP.
SuperRatings has shared the top 10 balanced options of the last financial year.
Rest Super remains “fully committed” to equities, even as it anticipates higher market volatility than experienced in previous decades.
Australian superannuation funds have again generated strong returns for FY25, with the median growth fund returning 10.5 per cent for the year, according to Chant West.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
