The median Australian share fund manager returned 4.8 per cent in July, outperforming the ASX 300 index which returned 4.3 per cent, according to Morningstar.
Australian share fund managers posted a healthy 4.8 per cent median return in July after a 5.3 per cent fall in June – and ahead of what is likely to be further falls in August.
The Morningstar Institutional Sector Survey found that the median Australian share fund manager returned 7.6 per cent for the year to 31 July 2015.
Over the three years to 31 July 2015 the median manager returned 17.2 per cent, and over five years the median Australian share fund manager returned 10.5 per cent.
The best-performing Australian share strategies over the year to 31 July were AB Managed Volatility (22.7 per cent), Bennelong Concentrated (22.4 per cent), and Macquarie High Conviction (16.9 per cent), according to Morningstar.
The median global share fund manager in Morningstar's review returned 6.1 per cent on an unhedged basis, with individual results ranging from 9.1 per cent to 1.6 per cent.
"Longer-term results were 33.6 percent over the year, 29.9 percent over the three years and 16.6 percent over the five years to 31 July 2015.
"Carnegie (47.3 per cent), Antipodes (46.3 per cent), and Magellan (43.1 per cent) were the best-performing global share funds over the year to 31 July 2015," said Morningstar.
Private banking is one of its fastest growing businesses for one of the big four as the nation continues to see a rise in the number of high...
The head of a major bank has admitted that the group did not take measures to remove conflicts of interest within its financial advice busin...
AMP Capital chief economist Shane Oliver has warned that there is a real risk President Trump will blame the Fed for the next inevitable dow...