Equity newcomers miss out on top Crowns

Only one newly Crown-rated fund was an equity fund, FE/Fundinfo Crown Fund Ratings data has shown.

Thirty funds entered the Crown ratings for the first time after reaching a three-year performance track record. Five of these funds received the top rating (five Crowns), seven received four Crowns, three received three Crowns, 11 received two crowns, and four received one Crown. 

The funds that received five Crowns were Pendal Active High Growth, Challenger Guaranteed Income 4.00 cents p.a. 30/9/22, Manning Private Debt, AMP Capital’s MyNorth Index Growth, and Findex Advice Services’ Custom Portfolio Solutions – Global Growth.

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The Findex fund was the only equity fund to receive five crowns, three received four Crowns, one received three Crowns, six received two Crowns, and three received one Crown.

Equities this year have been marred by fears surrounding the trade war and general macro political uncertainty, and the data suggests this might have impacted equity fund performance. 

According to the BlackRock Investment Institute’s latest investment outlook, government bonds were viewed as key stabilisers against the rising macro uncertainty. Two of the funds that received five Crowns were fixed interest funds, and the remaining two mixed asset funds.

Three of the funds that only received one Crown were equity funds, and the other that received one Crown was QIC GFI Inflation Plus – a fixed interest fund.




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