Median Australian share manager slightly behind S&P/ASX300
The median Australian share manager returned 1.6 per cent in November, which was slightly behind the S&P/ASX300 Index’s return of 1.7 per cent, according to Morningstar’s survey.
The study, titled Morningstar Australian Institutional Sector Survey, revealed that longer-term annualised returns from the median manager were 15.3 per cent during the trailing one year, 10 per cent during the three years, 11.8 per cent during five years and 5.1 per cent during the 10 years to 30 November, 2017.
According to the study, the best-performing Australian share strategies for the year were Bennelong Concentrated (26.4 per cent), Macquarie High Conviction (24 per cent) and Allan Gray (23.2 per cent).
At the same time, global share strategies were ahead of Australian shares, with the median manager returning 22.2 per cent on an unhedged basis and the best-performing global share funds for the year were: Johnston (36.8 per cent), Platinum (35.9 per cent) and Franklin (32.8 per cent).
Folkestone, UBS and Macquarie were the best performers in the Australian property securities manager sector, returning 19.1 per cent, 17.1 per cent and 15.9 per cent, respectively.
The survey also found that growth assets produced positive results during the month to 30 November 2017, with Australian listed property being the best-performing growth asset class (5.3 per cent), followed by global equities (3.2 per cent0, global listed property (2.9 per cent) and Australian shares (1.7 per cent).
The standout sectors were information technology with returns of 4.5 per cent, followed by energy (4.3 per cent) and consumer staples (3.2 per cent).
By contrast, the poorer-performing sectors included telecommunications (-1.6 per cent), financials (zero per cent) and consumer discretionary (0.9 per cent).
AUTHOR
Oksana Patron
Recommended for you
Global asset manager Janus Henderson could be acquired after receiving a non-binding acquisition proposal jointly from a private investment firm and venture capital firm.
Investment manager Salter Brothers has partnered with private equity firm Kilara Capital to launch an Australian sustainable investment platform focusing on decarbonisation.
Fresh off launching three active ETFs to the Australian market, Avantis Investors is already planning to expand its range with two further products next year.
Ausbil is growing its active ETF range with an ESG product in collaboration with sister company Candriam.
