A fund focused on pre-initial public offering (IPO) equities has led the way for performance in the Australian equities sector during 2020.
According to FE Analytics, within the Australian Core Strategies universe, the Australian equities sector had an average return of 3.95% for the year to 31 December, 2020.
It was a turbulent year for markets due to the COVID-19 pandemic and the ASX 200 finished the year with a 1.4% return.
The best-performers were Perennial Private to Public Opportunities which returned 43.22%, followed by Hyperion Australian Growth Companies (33.31%), APSEC Atlantic Pacific Australian Equity (26.42%), CFS First Sentier Wholesale Concentrated Australian Share (23.32%) and Bennelong Australian Equities (23.18%).
The stated investment objective of the Perennial fund was to “generate a return (net of fees and...