Did Aussie equities impact mixed asset funds?
Australian Equities were a major part of the best performing mixed asset – balanced funds, which allocated at least around a third of their portfolio to that sector.
According to data from FE Analytics, the mixed asset – balanced sector returned 12.92% the year to 29 November 2019.
The best performers were Fiducian Balanced (19.79%), Legg Mason Martin Currie Diversified Income A (19.67%), Australian Ethical Balanced B (18.29%), IPAC Select Index Balanced (17.74%) and IPAC Life Choices Index 50 (17.57%).
Fiducian was weighted in Australian equities (37.61%), international equities (26.69%), Australian fixed interest (12.89%), money market (8.93%), property (8.93%) and global fixed interest (4.94%), as at 31 October, 2019.
Legg Mason/Martin Currie’s holdings were in Legg Mason Australian Equity Income Trust Class X (47.63%), Legg Mason Australian Real Income Fund Class X (32.24%), Legg Mason Western Asset Australian Cash Plus Trust Class X (11.98%), Legg Mason Western Asset Australian Bond Trust Class X (6.45%).
These were predominately weighted in Australian equities (50.9%), property (23.19%), Australian fixed interest (13.7%), money market (7.64%).
Australian Ethical was weighted in Asia Pacific equities (33.23%), international equities (26.22%), Australian fixed interest (23.02%), property (8.52%), money market (7.09%) and alternative assets (1.92%).
IPAC’s Life Choices Index 50 was weighted in international equities (34.15%), Australian equities (30.39%), Australian fixed interest (13.09%), money market (9.91%), property (7.33%) and global fixed interest (5.12%).
Best performing mixed asset – balanced sector over the year to 29 November 2019
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