The most-searched for funds of 2023
Global equities funds are the most-popular funds searched for on the Money Management Investment Centre website this year.
Half of the top 10 funds sat in the global equity space including the top most-searched for fund, Magellan Global which had $8.3 billion in assets under management.
This was despite global markets performing worse than the Australian market with the S&P 500 losing 20.4% since the start of the year compared to losses of 6% by the ASX 200.
Three funds were in the fixed income space- Macquarie Income Opportunities, Janus Henderson Tactical Income and Ardea Real Outcome – reflecting a trend of investors moving into bonds in search of yields.
Research by Bank of America found global fund managers were holding a 10% overweight to bonds for the first time since April 2009.
The remaining funds sat in the Australian equity space including Hyperion Australian Growth Companies, the winner of the 2021 Money Management Fund Manager of the Year.
Using data to 21 December, the 10 most-searched for funds on the Money Management Investment Centre website were:
- Magellan Global;
- T. Rowe Price Global Equity;
- Macquarie Income Opportunities;
- Bennelong ex-20 Australian Equities;
- Macquarie Walter Scott Global Equity;
- Janus Henderson Tactical Income;
- Hyperion Australian Growth Companies;
- MFS Global Equity Trust;
- Ardea Real Outcome; and
- Ophir Global High Conviction.
The Investment Centre website can be accessed here.
AUTHOR
Laura Dew
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