Platinum International Brands global share fund was the best performing managed fund in the June quarter — up 5.12 per cent — one of the very few that achieved a positive return, according to Morningstar.
The Morningstar analysis shows Australian fixed interest options also had a positive quarter, with EQT PIMCO Wholesale Australian Bond returns of 4.24 per cent.
The best performing large-cap share fund over the second quarter was EQT SGH Wholesale Absolute Return, which fell only 7.31 per cent, against the S&P/ASX200 Accumulation Index fall of 11.14 per cent.
The majority of small-cap funds did less badly than the market, with Aberdeen Australian Small Companies and Aberdeen Classic Series Australian Small Companies recording falls of 3.09 and 3.11, respectively.
However, the biggest fall recorded in the second quarter was in fact a small-cap fund — Aviva Investors Small Companies, down 14.57 per cent.
Among the losers are Solaris High Alpha Australian Equity fund (-14.54) and Zurich Investments Global Property Securities, the worst performing listed property fund, down 9.01 per cent.
