Which Aussie equity funds only just recovered from the GFC?
While last year may have been a tough one for the Australian market with the January-February and October-November sell offs, Money Management used FE Analytics to spot a few funds which have just hit the top quartile for their first time since the global financial crisis (GFC).
In fact, data from FE Analytics showed that of the Australian broad cap equities, Australian small/mid cap equities and Australian income equities, 10 funds saw their first top quartile returns in ten years.
Of the top performers for 2018, CFS’ Wholesale Imputation fund sat top of the charts with -0.11 per cent returns, despite it achieving its worst returns in ten years.
Across ten years, the fund returned 8.88 per cent to place in the third quartile, across five years it returned 4.85 per cent to place again in the third quartile and across three years it remained in the third quartile with four per cent returns.
Zurich Investments’ Equity Income Pool Fund had a steady rise from its fourth quartile position across ten and five years to third quartile in the three years to last quarter’s end and finally, most recently, to top quartile with -1.32 per cent returns.
AMP’s Responsible Investment Leaders Australian Share fund also rose from its third quartile position across ten, five and three years to top quartile in the year to last quarter’s end with returns of -3.12 per cent.
Zurich’s Equity Income fund had a stronger rise from fourth quartile across ten, five and three years with returns of 6.07 per cent, 1.63 per cent and 3.1 per cent respectively to -2.68 per cent in the year to last quarter’s end to place in the top quartile.
Another fourth quartile-riser was the Ironbark Denning Pryce Australian Tailored Income fund, which rose to the top quartile finally in the year to last quarter’s end with returns of -3.08 per cent.
The chart below tracks the rise of the above five funds across the ten years to 31 December 2018.
AUTHOR
Anastasia Santoreneos
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