According to the Australian Institutional Sector Survey – released by Morningstar yesterday – the telecommunications sector was the “standout” in the share market growing 1.2 per cent.
“[This was followed] by the healthcare sector which grew 1.1 per cent.
“Poorer-performing sectors included energy (-13.1 per cent), resources (-9.0 per cent), and consumer staples (-8.1 per cent),” Morningstar said.
The research house also found the median Australian share fund manager outperformed the index by 0.4 per cent over the month.
“Longer-term annualised returns were 4.8 percent over the year, 14.8 per cent over three years and 7.5 per cent over five years,” Morningstar said.
However compared with international share fund manager’s returns, the median return was 16.6 per cent over the year and 23.9 per cent over the three years to 30 November 2014.
Morningstar has also released its Australian Superannaution Sector Survey which found they recorded positive results over November 2014.
“The median growth fund returned 0.8 per cent. Individual results ranged from a high of 1.8 per cent to a low of -0.1 per cent.
“Longer-term annualised median returns were 8.5 per cent (one year), 12.7 per cent (three years), 8.4 per cent (five years), and 6.4 per cent (10 years to 30 November 2014),” Morningstar said.
The research house also pointed out the best performing growth superfunds over the year to 30 November was Legg Mason Growth which grew 10.4 per cent.
“[This was] followed by AMP Capital Balanced (9.6 percent), Energy Super Balanced (9.4 per cent), and MLC Growth (9.2 per cent),” Morningstar said.
