As the end of the year nears and the global financial crisis (GFC) has almost fallen off investors’ radars, Money Management used FE Analytics to see which Australian equities funds crumbled as a result of the GFC but managed to bounce back with vigour.
The greatest fall of the GFC was subsequently the greatest comeback the following year, with Perpetual’s Wholesale Geared Australian equity fund dropping down to -72.14 per cent but jumping up to a whopping 93.95 per cent in the next discrete period.
It wasn’t the only fund leaping three quartiles in the year either, with the Maple-Brown Abbott Australian Geared Equity fund dropping to -68.49 per cent in the GFC and bouncing back to 42.94 per cent the following year.
AMP Capital’s Specialist Geared Australian Share fund hit -67.19 per cent and leaped to 67.45 per cent the next year, while the Ausbil Australian Geared Equity fund jumped from -66.55 per cent to 71.56 per cent, and CFS’ Wholesale Geared Share fund shot up from -65.1 per cent to 88.71 per cent.
The table below shows the performance of the 20 Australian equity funds which fell to the bottom quartile as a consequence of the GFC and leaped to top quartile the following year.
Performance 31/12/2007 to 31/12/2008 Annualised (%)