Winners and losers in managed funds' returns for June quarter
Platinum International Brands global share fund was the best performing managed fund in the June quarter — up 5.12 per cent — one of the very few that achieved a positive return, according to Morningstar.
The Morningstar analysis shows Australian fixed interest options also had a positive quarter, with EQT PIMCO Wholesale Australian Bond returns of 4.24 per cent.
The best performing large-cap share fund over the second quarter was EQT SGH Wholesale Absolute Return, which fell only 7.31 per cent, against the S&P/ASX200 Accumulation Index fall of 11.14 per cent.
The majority of small-cap funds did less badly than the market, with Aberdeen Australian Small Companies and Aberdeen Classic Series Australian Small Companies recording falls of 3.09 and 3.11, respectively.
However, the biggest fall recorded in the second quarter was in fact a small-cap fund — Aviva Investors Small Companies, down 14.57 per cent.
Among the losers are Solaris High Alpha Australian Equity fund (-14.54) and Zurich Investments Global Property Securities, the worst performing listed property fund, down 9.01 per cent.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
