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
Investment solution provider Channel Capital has appointed James Archer as its latest distribution director, joining from Pinnacle Investment Management.
Bennelong Funds Management has signed a memorandum of understanding with US private credit manager Monroe Capital to distribute its products in Australia.
Global equity manager Talaria Capital has appointed a Sydney-based sales director as it grows its distribution presence across Australia.
Global private markets firm Partners Group has launched an evergreen fund to provide Australian advisers with access to its cross-sector royalties strategy.
