Master trusts outperform industry funds
Retail master trusts outperformed industry funds again in September on the back of surging equity markets, according to the latest data released by Chant West.
However, it was the members of superannuation funds that hedged strongly against the rising Australian dollar who emerged best during the month.
The Chant West analysis, released today, has revealed that the median growth superannuation fund returned a healthy 2.4 per cent resulting in a 4.3 per cent gain for the first quarter of the new financial year.
Chant West principal Warren Chant said that surging share markets in Australia and overseas had been the primary drivers for the rise and, while most funds now included a variety of alternative assets in the investment mix, traditional listed shares accounted for most of the performance.
“After a negative August, September was a bumper month for Australian and international shares and this led to strong returns for growth funds,” he said. “However, currency was also a very important factor and the funds that did best were those that hedged more against the rising Australian dollar.”
Chant said that retail master trusts with their higher weightings to listed shares had outperformed industry funds in September, albeit that industry funds continued to hold the advantage over the longer term.
AUTHOR
Mike Taylor
Recommended for you
Rising advice fees has prompted Radar Results to increase its price guide to a minimum of $3,000 per client to reflect the changing shape of the adviser landscape.
Investment consultancy Ascalon Capital has appointed a new partner, who joins from 20 years at Zenith Investment Partners, as well as a new chief executive amid a “bold new chapter” for the firm.
Despite the perception that short-term market events shouldn’t affect portfolio decisions, Praemium research finds 60 per cent of advisers have made portfolio changes in response to US President Donald Trump’s decisions.
International advice group Findex has appointed a senior individual to spearhead its M&A and growth operations across Australia and New Zealand, seeking to make the brand a household name.
