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Aii considers move into model portfolios - October 2010

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By Reporter
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2 minute read

Funds from Bennelong and Perennial have trumped their peers in a year when benchmarks were largely flat or negative, according to Mercer.

Bennelong, Intrinsic, Macquarie and Schroders were among the best performers in the Australian shares long-only category of Mercer's September 2010 sector survey.

Bennelong Concentrated Equities topped the category, gaining 7.4 per cent for the 12 months to September.

The Intrinsic Style Neutral Portfolio, Macquarie High Conviction and Schroder Australian Equity Opportunities were the next best performers, all returning 5.4 per cent over the 12 months.

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Perennial Global Shares High Alpha returned 15.4 per cent, Morgan Stanley Global Franchise gained 7 per cent and Magellan Global added 6.3 per cent.

Putnam Global Core ex-Australia and Invesco Structured Global Equity were among the worst performers in the category over the 12 months, losing 7.9 per cent and 5.4 per cent respectively.