Positive growth for super funds and Australian listed property
Among asset classes, Australian listed property was the stand out posting a return of 35.4 per cent over the year to 28 February, according to Morningstar Australian Institutional Sector Survey.
This was followed by global listed property at 26.9 per cent, global shares at 23.6 per cent, and Australian shares at 14.2 per cent.
Australian share fund managers matched the index return of 6.9 per cent over the month of February. Platypus Systematic Growth came out on top over the year to 28 February 2015, with 21.4 per cent, followed by Millinium at 21.2 per cent, and BT at 19.5 per cent.
Longer-term annualised returns were 14.8 per cent over the year, 17.2 per cent over three years, and 10.3 per cent over five years.
Overall, Australian property securities manager gained 34.8 per cent over the year, but below the index's 35.4 per cent. Legg Mason was the front runner at 36.4 per cent, followed by BT (35.6 per cent), and CFS Indexed (35.5 per cent).
Materials was the stand out sector for the Australian share market over the month to 28 February with 11.8 per cent, followed by resources (11.3 per cent), and energy (9.2 per cent).
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The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers.
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