Value still best for Australian shares
VALUE styled investment managers are continuing to outperform growth orientated managers, according to the latest update of theInvestorWebAustralian Shares Fund Sector Review.
‘Recommended’ value managersMaple-Brown Abbott(underlying manager forAdvance) andPerpetualoutperformed the S&P/ASX 200 benchmark by 8.3 and 8.56 per cent respectively, with the median active Australian equities manager outperforming the benchmark, which itself was down 0.3 per cent, by 1.73 per cent on a three-year basis.
According to InvestorWeb, over the last 12 months four of the top five performing funds have been value style managers.
However, the review recommends that investors avoid significant style biases in their Australian shares fund exposure in order to reduce medium term volatility.
The review also resulted in a number of changes to overall manager ratings.ABN AmroandEquity Trusteeswere upgraded to ‘buy’ from ‘investment grade’, andAMP HendersonValue, Investors Mutual andTyndallwere upgraded to ‘strong buy’ from ‘buy’.
AMP Henderson Capital,Ausbil,JB WereandSchroderswere all downgraded to ‘buy’ from ‘strong buy’, whileMacquarieAlpha Plus was knocked down from ‘exceptional buy’ to ‘strong buy’.
Recommended for you
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.
Australian licensees are expected to make greater use of custom model portfolios for their clients, according to State Street Investment Management, following in the footsteps of US peers.
Adviser Ratings has argued that it’s time for more advisers to utilise digital engagement tools available to them as a disconnect grows between consumers seeking advice from finfluencers and from professionals.
