Mercer has released its March 2009 Sector Survey, which showed managers that topped performances within categories ranging from Australian long only to value biased overseas products.
ING Select Leaders topped the survey’s Australian shares `long only` category, gaining 3.9 per cent for the three months till the end of March.
The Parker Large Cap Value and JM Asset Management – TPS Growth were the second and third best performers within the category and in that timeframe, respectively.
Parker and JM’s strategies gained 3.1 per cent and 2.8 per cent, respectively.
ING Select Leaders also topped the category over the long term, surging 12.8 per cent annually for the five years till March 2009, the data showed.
CFS wholesale Australian Share Fund – Core and Ausbil Australian Equity were the next best, gaining 10 per cent and 9.7 per cent over the same time period, respectively.
The Lazard Australian Equity, Lazard Select Australian Equity, Legg Mason Equity Model, Parker Large Cap Value and PM Capital Australian Equities were among funds that came in at the bottom of the table on a five year period of the long only category.
The median manager in the category lost 1.4 per cent in the first quarter, and gained 6.8 per cent for the five years to March 2009, Mercer’s data showed.
Not all managers had track records across various timeframes.
Fortis Investments Australian Long Short Equitised lost 15.2 per cent for the year to March 2009, topping survey’s ‘long/short’ category. The median manager lost double in the same timeframe.
Magellan Global lost 3.7 per cent for the year to March, topping the list of overseas shares ‘core’ category.
But for products in the same group that had a long term track record, Zurich Investments Global Thematic was the star, gaining 5.3 per cent per annum for the five years to March.
