BT tops Aust shares survey
BT Funds Management has emerged as one of the stellar Australian shares per-formers for 1999.
BT Funds Management has emerged as one of the stellar Australian shares per-formers for 1999.
According to Intech’s sector performance survey, BT’s Imputation fund is the number one performing Australian shares fund in the year to October 31, returning just over 24.5 per cent in the year.
BTFM has only just nudged ahead of Colonial First State, whose Imputation fund returned just under 24 per cent for the year.
BT emerged as the fund manager least scathed from the turbulence of the last few months and recovered strongly in October. The group’s Imputation fund recorded 2.43 per cent returns for October and a small loss in the past three months. Only ANZ Funds Management produced better figures over the past couple of months, returning just under 1 per cent in the three months top October 31.
While BT, Colonial and ANZ are shining, a number of highly credentialed value managers have suffered at the hands of the wide gyrations of the share market in recent months. Tyndall, Macquarie and Maple Brown Abbott all produced negative returns over the past one and three month periods for their Australian shares port-folios.
Putnam, Nicholas-Applegate and Marvin & Palmer have been the three top per-formers in international shares in recent times, according to Intech, all returning upward of 40 per cent for the year to October 31.
The woes of the fixed interest market continued in October. Even the month’s best performer, Rothschild, produced a negative return but recordede the number one figures for the year with 1.45 per cent.
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