Aussie fund managers underperform in January

Aussie fund managers underperform in January

Australian share fund managers have underperformed the index in January 2015, with the median manager falling short by a narrow margin, research from Morningstar has found.


In the research house’s Australian Institutional sector Survey, Morningstar found for the month of January the median Australian share fund manager fell short of the index by 0.1 per cent.

“Longer-term annualised returns were 12.8 per cent over the year, 15.5 per cent over three years and 9.1 per cent over five years,” a statement from Morningstar said.

“The best-performing Australian share strategies over the year to 31 January were Millinium (22.9 per cent), followed by Platypus Growth (19.1 per cent), and AMP Capital Approach (17.7 per cent),” it said.

Morningstar found Australian listed property provided the “standout performance” among asset classes followed by global listed property, global shares and Australian shares.

“The margin between value and growth style Australian shares has increased over the year, value (14.4 per cent) ahead of growth (7.6 per cent). Value outperformed growth counterparts in January,” the statement said.

“The S&P Australia BMI Value Index returned 3.7 per cent compared to the S&P Australia BMI Growth Index's two per cent,” it said.

The research house pointed out that telecommunications was the “standout sector” of the share market over the month, followed by utilities and consumer discretionary.

“Poorer-performing sectors included energy (-6.6 percent), information technology (-1.7 percent), and resources (-1.2 percent),” the statement said.

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