Funds from managers including ING, Tyndall and Platinum delivered the best after-fee returns in various categories over a seven-year period, according to league tables published by research house Morningstar.
The ING Wholesale Select Leaders Trust, BT Wholesale – Imputation Fund and Perpetual Wholesale Concentrated Equity Fund aced performances among 65 Australian equities funds that had a seven-year track record.
ING’s product surged an annualised 11.30 per cent in the seven years to 30 June 2009. Top quartile funds returned on average 8.65 per cent, outperforming the S&P/ASX 300 Accumulation Index’s 7.54 per cent yearly gain in the same period.
The Challenger Select Australian Share Fund and PM Capital’s Australian Opportunities Fund provided a 3.25 per cent and 3.34 per cent return over the same period, respectively, and achieved the lowest rankings in the category.
The Platinum International Brands Fund, Platinum International Fund and Hunter Hall Global Ethical Trust topped performances among 51 international equities funds that had a seven-year track record.
The Platinum International Brands Fund and Hunter Hall’s product jumped an annualised 8.27 per cent and 5.36 per cent respectively in the seven years to 30 June 2009.
The EQT Intrinsic Value International Sharemarkets Fund, Zurich Investments Global Thematic Share Fund and Aberdeen International Equity Fund also generated positive returns during the period. The MSCI World ex-Australia Index (with dividends reinvested) and all other funds in the category delivered negative returns in the period.
The Axa Wholesale Global Equity Growth Fund and Fortis Investments Global Equity lost 6.75 per cent and 6.02 per cent each year over the seven years, respectively, and ranked at the bottom of the table.
The EQT Charitable Balanced Fund, Schroder Balanced Fund and BlackRock WS Balanced Fund performed the best among 40 funds in Morningstar’s multi-sector growth category in the seven-year period.
EQT’s product added 7.80 per cent per year in the period. The ClearView Managed Investments – Diversified Growth and Legg Mason Diversified Trust ranked at the bottom of the table.
The Tyndall Australian Bond Fund and Experts’ Choice Fixed Interest Fund gained 6.22 per cent and 6.08 per cent each year, respectively, in the period.
They were the only two fixed interest funds among 25 with a seven-year track record to outperform the UBS Composite Bond Index’s 6.03 per cent yearly gain in the same period.
Morningstar consultant Sallyanne Cook said there was no guarantee that funds which topped the league table this year would continue to outperform in the future.
