Money Management, using FE Analytics, looked at the average performance of the 12 equity sectors in the Australian Core Strategies universe to see who’s maintained their position across the three years to 30 July, 2018.
For the three years to 30 July, the Asia Pacific Single Country and Equity Income sectors sat in the bottom decile with returns of 5.61 and 4.44 per cent, respectively.
At the other end of the spectrum in first position were Australian small/mid caps and North American equities with 13.50 per cent and 13.26 per cent returns, respectively.
Specialist equities, global equities and infrastructure equities sat in the third, fourth and fifth decile, and global small/mid caps, Australian equities and emerging markets sat in the sixth, seventh and eighth deciles.
The chart below shows the performance of the top six sectors for the three years to 30 July.
Fast-forward to the year to 30 July and some of the average performers have dropped to bottom position while others have managed to climb the ladder.
Infrastructure equities have dropped to bottom decile under the equity income sector, with returns of 5.44 per cent. This is not unsurprising though, as infrastructure assets tend to underperform in bull markets given their defensive nature.
Emerging markets have remained in the eighth decile and specialist equities dropped from third to sixth while Australian equities rose to fourth...