While generally, Australian share managers took a dip this year, Platypus, ECPAM and Hyperion have been named the best of the bunch, according to Morningstar’s Australian Institutional Sector Survey.
The survey saw the median manager return negative 2.5 per cent for November, which was slightly behind the S&P/ASX 300 Index’s return of negative 2.2 per cent.
Longer-term annualised returns from the median manager were 0.8 per cent for the year, 7.9 per cent for three years, 6.7 per cent for five years, and 10.0 per cent for the 10 years to 30 November 2018.
Aussie top managers, Platypus, ECPAM and Hyperion returned 8.1 per cent, eight per cent and 6.3 per cent respectively.
Global share strategies were ahead of Australian shares for the year 30 November 2018, with the median manager returning 3.6 per cent on an unhedged basis.
Longer-term median results were also higher on average, with 8.6 per cent returns for three years, 11.5 per cent for five years and 10.0 per cent for the 10 years to 30 November 2018.
Hyperion took out the top spot for global shares with returns of 18.8 per cent, followed by Magellan, with 12.1 per cent and Nikko, with 12.0 per cent.
Ironbark, AMP and Macquarie were the top performing Australian property securities managers, returning 4.7 per cent, 3.8 per cent and 3.7 per cent respectively as compared to the median return of 1.5 per cent for the year to 30 November 2018.
Financials was the standout sector of the Australian share market for the month of November, returning 1.4 per cent, followed by technology (one per cent), and industrials (negative 0.6 per cent).
Energy, resources and materials dipped to negative 10.7 per cent, negative 6.8 per cent and negative 4.7 per cent respectively in the same time period.