As we recently discovered which Australian equity funds had hit the top quartile for the first time since the global financial crisis, Money Management thought it would be apt to use data from FE Analytics to determine which equity funds had hit the bottom quartile for the first time in a decade.
The only Australian equity fund to hit the bottom quartile for the first time since 2009 was the Perpetual Pure Value Share fund, which, until 2018, enjoyed a mostly top quartile performance.
The 12 months after 31 December 2008 saw the fund return a whopping 76.22 per cent, and despite a drop to 26.16 in the following 12 months, it remained in the top quartile.
It did so for the next three years, and though it dropped to the third quartile in 2014, it rose back up to top quartile in the following year.
It only just hit the bottom quartile in the 12 months to 30 November 2018 with returns of -12.55 per cent.
Outside of Australia, three global funds similarly saw their first bottom quartile position in a decade, with BT Classic Investment BT Split Growth, CFS FirstChoice Acadian Wholesale Geared Global Equity and Pendal Core Global Share faltering in 2018.
Whilst BT never actually hit the top quartile, it maintained a consistent second-and-third quartile position for all years...