Macquarie sees strong performance from property
While two property funds have been some of the top performers for Macquarie over the year to 30 October, 2019, Macquarie group has cited its asset management arm profit increase thanks to its investment and real assets managed funds.
According to FE Analytics, two of the top five best performing funds for Macquarie were in property, as well as one in infrastructure.
Over the last year Macquarie Australian Emerging Companies returned 32.24%, Macquarie Wholesale Property Securities returned 26.50, Macquarie True Index Global Real Estate Securities returned 23.79%, Macquarie True Index Global Infrastructure Securities returned 23.64%, Macquarie Asia New Stars No 1 returned 21.04%.
Although it was those areas that were strongest over the last year, annualised performances over the last three and five years saw Australian equity and global equity funds dominate.
Annualised over three years, Macquarie Small Companies returned 17.92%, Macquarie Walter Scott Global Equity returned 17.72%, Macquarie Australian Small Companies returned 17.26%, Macquarie Australian Shares returned 16.63 and Macquarie True Index International Equities returned 15.99%.
Over five years, Macquarie Small Companies returned 20.64%, Macquarie Australian Small Companies returned 20.26%, Macquarie Australian Shares returned 15.48%, Macquarie Walter Scott Global Equity returned 15.19% and Macquarie Arrowstreet Global Equity returned 13.98%.
Top five performing Macquarie funds for the last 12 months to 30 October 2019 annualised
On Friday, Macquarie Group released its half year results for 30 September 2019, where its asset management arm’s profit was up 32% due to favourable foreign exchange investments made by Macquarie investment and real assets (MIRA) managed funds and mandates.
It also posted an overall net profit of 11% to $1.46 billion.
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