Funds fighting the good fight in 2018
Money Management, using FE Analytics, scanned the Australian Core Strategies universe to find the top-performing funds for the year to 30 June.
The top performer was the BetaShares Crude Oil Index ETF (AUD Hedged), with returns for the nominated period of 23.66 per cent as opposed to the Commodity and Energy sector average of 2.05 per cent.
The fund is completely invested in oil and gas and aims to track the performance of the S&P GSCI Crude Oil Index Excess Return, which it has slightly underperformed by 8.52 per cent.
The chart below shows the performance of the fund as compared to the Commodity and Energy sector and its nominated index for 1 January to 30 June 2018.
BT’s Technology fund was the second-best performer with returns of 22.95 per cent for the same period, significantly outperforming the Equity – Specialist sector, which returned 4.34 per cent.
The three FE Crown rated fund aims to provide a return that exceeds the return from the benchmark when measured over its recommended time frame through investments located in the United States, Europe and Asia.
AMP Capital’s Global Equities fund sat in third position with 21.97 per cent for the nominated period as compared to the 4.57 per cent average returns of the Equity – Global sector.
BetaShares featured again in the top ten funds, with its Global Cybersecurity fund returning 20.78 per cent, followed by Perennial’s Value Microcap Opportunities Fund with 19.22 per cent returns, THB’s US Micro Cap fund with 18.94 per cent returns and 8IP’s Australian Small Companies fund with 18.87 per cent returns.
BlackRock’s iShares S&P Small Cap ETF fund sat in the top ten performers as well with 16.98 per cent returns, making it the third passive fund in the top ten.
No Australian equity funds sat in the top ten performers for the year to 30 June, but the Bennelong Australian Equities fund sat just outside with returns of 15.93 per cent as opposed to the sector average of 3.93 per cent.
The table below shows the performance of the top ten funds for the period of 1 January to 30 June 2018.
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