Which Aussie equity fund was best for the 2010s?
Boutique fund manager Bennelong’s Concentrated Australian Equities was the best performing fund of the decade, returning 265.32%, according to FE Analytics.
This was followed by Cooper Investors (CI) Brunswick (256.68%), DDH Selector Australian Equities (191.46%), Bennelong Australian Equities (181.11%), Macquarie Australian Shares (174.84%), Perpetual Pure Value Share (172.26%), Third Link Growth (165.9%), Macquarie Active Plus Equities (161.1%), Yarra Australian Real Assets Securities (160.98%) and Australian Ethical Australian Shares (160.77%), and the sector average within the Australian Core Strategies universe was 97.49%.
It was a solid decade for the sector as the markets saw strong growth overall after rebounding from the global financial crisis.
When it came to risk-adjusted returns in the sector, CI Brunswick had the best Sharpe ratio (1.22), followed by Bennelong Concentrated Australian Equities (0.75), Perpetual Pure Value Share (0.72), Third Link Growth (0.71) and Australian Ethical Australian Shares (0.68), while the sector average was 0.34.
Bennelong’s Concentrated Australian Equities inception date was 11 months before the decade started – 31 January, 2009 – and it’s total return since inception was 335.81%.
They invested purely in Australian equities, with its current allocation at 99.37%, as of 31 December, 2019.
In their final fact sheet for the decade, Bennelong said the many social, political and economic uncertainties that have overshadowed markets nevertheless remain.
“All up, it’s likely the ASX [Australian Securities Exchange] produces reasonable returns over the medium-term, albeit with ups and downs along the way,” it said.
“As always, there are pockets of risk and opportunity within the market, and that recommends towards a selective approach.”
Best performing Australian Equity funds over the 10 years to 31 December, 2019
AUTHOR
Chris Dastoor
Recommended for you
Statutory NPAT at Pacific Current has almost halved in FY25 to $58.2 million as the result of an investment restructure.
Being able to provide certainty about redemptions is worth fund managers pursuing when targeting the retail market even if it means sacrificing returns, according to Federation Asset Management.
Regal chief investment officer Philip King will step down from listed investment company VGI Partners Global Investments after the LIC reported a loss of $17.6 million for FY25.
Real asset commentators have shared what advisers should be considering when conducting their due diligence on the assets and how they can mitigate illiquidity for retail clients.
