Gap narrows between manager outperformance
The index returned 28.5% during the financial year and managers in the top quartile returned 33.4% while those in the lower quartile returned 27.2%. The median for the 137 funds was 30.5%. The best fund was Forager Australian Value which returned 89% followed by Collins St Value and First Sentier Australian Equities Geared-Growth which returned 88.5% and 80% respectively. Those funds which had performed below-median were mostly in the low volatility space such as AB Managed Volatility Equities and Acadian Australian Equity Managed Volatility. However, when looking at performance over the thre...
Source: moneymanagement.com.au