Australian share strategies post positive returns

By Killian Plastow
 — 1 minute read

Australian share fund managers posted generally positive results for November, according to research house Morningstar, though the median manager’s returns were still lower than the S&P/ASX300 index.

Morningstar’s Australian Institutional Sector Survey found that the median Australian share manager returned 2.8 per cent for the month, up 9.3 per cent over the year to 30 November 2016.

The company did however note that this figure was below the 10.1 per cent achieved by the S&P/ASX 300 over the same period.


Global share strategies “lagged” their Australian peers in aggregate over the year, with the median manager returning just 1.2 per cent on an unhedged basis, the company said, with “individual results ranging from 15.1 down to -7.5 per cent”.

Morningstar found that value Australian share strategies performed better than growth strategies over 12 months, though the latter still “produced generally favourable results over the month” of November.

“Global equities was the best-performing growth asset class (4.5 per cent), followed by Australian equities (2.8 per cent), Australian listed property (0.8 per cent) and global listed property (-1.6 per cent),” the research house said.

By sector, financials exhibited the best performance for November, returning 6 per cent, followed by utilities and energy with 3.7 and 3.3 per cent respectively.

Healthcare was the worst performing sector throughout the month, returning -1.6 per cent, with telecommunications and consumer discretionary following at -0.4 and -0.3 per cent respectively.

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