Aussie equity managers return 3.8% in May

Aussie equity managers return 3.8% in May

The median Australian equities fund manager posted a return of 3.8 per cent in May, with Bennelong, Macquarie and Wilson Asset Management the standout performers, according to Morningstar.


The Morningstar Australian Institutional Sector survey, released yesterday, found Australian share fund managers posted "sound" results for May 2016, with the median manager returning 3.8 per cent for the month.

The median figure was down 0.3 per cent over the year to 31 May 2016, although this was ahead of the S&P/ASX 300 index's return of -2.1 per cent, said Morningstar.

The best performing Australian share strategies over the year were the Bennelong Concentrated fund (up 24.6 per cent for the year), Macquarie High Conviction (17.7 per cent) and Wilson Asset Management's Australian shares funds (16.1 per cent).

Global fund managers did better than Australian funds in aggregate over the year to 31 May 2016, with the median manager returning 1.1 per cent on an unhedged basis.

The median Australian property securities manager was up 15.6 per cent over the year to 31 May 2016, slightly above the index return of 15.3 per cent.

Read more:

AZ NGA hits $3.1bn in AUM

CBA appoints group general counsel

Beware the ‘power of the crowd’: Medcraft

Colonial First State launches new Asian fund

Retail OTC market 'non-compliant', says ASIC

 

 

Related Articles

 

Aussie equity managers return 3.8% in May
investordaily image
ID logo
promoted stories

Appointments

Tania Cummin

Equip Super appoints strategy and markets executive

Staff Reporter

Paul Harding-Davis

Premium China Funds Management names new CEO

Jessica Yun

Matthew Wallis

Synchron appoints new state manager

Staff Reporter

Analysis

investordaily image

A correction, not a turning point

James Swanson

Martin Dropkin

Why bond covenants matter

Martin Dropkin

Maurizio Canton

Striking a balance between security and innovation

Maurizio Canton