Pendal MicroCap Opportunities was the best-performing fund with returns of 45.7%.
Performance of Pendal funds versus Australian equities sector over three years to 30 June 2021
Over the last three months to 30 June, 2021, the MicroCap Opportunities was again the best-performing fund with returns of 12.4% followed by the MidCap fund which returned 8.7%.
Performance of Pendal funds versus Australian equities sector over three months to 30 June 2021
Pendal Australia funds under management (FUM) rose from $34.4 billion at the end of March to $37 billion, although the institutional channel saw outflows of $0.4 billion which Pendal said was mostly in cash and fixed income.
Group FUM rose from $101.7 billion to $106.7 billion due to investment performance, higher markets and a positive currency effect.
The firm, which had $5 billion in assets under management, would now be run by Allfrey and Raaz Bhuyan who joined the firm as a principal in 2014, also from Colonial First State.
It ran a flagship Australian Share fund which was launched in 2006 followed by Absolute Return then the Dynamic Australian Equity launched in 2009. The Dynamic fund was the winner in the Long/Short Equities category at last year’s
Money Management Fund Manager of the Year awards.
According to FE Analytics, the Australian Share fund had returned 27.1% over one year to 31 May versus returns of 28.2% by the Australian Core Strategies Australian equity sector.
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