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The data is in and while a Regal fund eked out the top spot among Australian equity managers last year, its returns were dwarfed by those betting big on crypto and AI.
Nanuk money manager Tom King has slammed the ESG fund sector, saying labels and scores are “meaningless”.
A remarkable sharemarket rally defied the gravitational pull of rising interest rates aiding gutsy growth funds and quality focused stock pickers.
Natural resource fund managers were the biggest winners in the third-quarter, according to Morningstar.
Australia’s big four banks bounced in March and April as investors bet that higher interest rates would support margins. Lazard took this as a selling opportunity.