Top 5 Aust Equities Funds by Inflows
Australian equity managers have had a tough year. For many, inflows were something to be dreamt of as outflows were the norm. Managers who were the darlings of financial planners a few years ago were very badly hit by considerable outflows this year.
According toAssirt,Colonial First State’s Imputation Fund saw more than $500 million leave whileBT’s Australian Share Fund lost $243 million.
The reverse side of the picture sawUBSdominate the Australian Equity Fund inflows with almost $1 billion in inflows. The global manager has been enjoying a renaissance in the Australian market with strong performance for the past couple of years. The closest rival to UBS in inflows wasDeutsche, but it was far behind with $85 million.
The rest of this year’s entries in the top five are all new compared to last year.Hunter Hall, a favourite of planners, came in at number four, while Colonial did rank fifth with a FirstChoice product.
Fund Manager/ProductInflows ($m)
1.UBS Australian Share Fund987.56
2.Deutsche Australian Equities Alpha Fund85.35
3.PM Capital Australian Opportunities Fund48.97
4.Hunter Hall Australian Value Fund46.84
5.Colonial First State FirstChoice Imputation Fund36.79
Source: Assirt, as at September quarter 2003
Recommended for you
In this week’s episode of Relative Return Unplugged, AMP chief economist Shane Oliver joins the show to unravel the web of tariffs that US President Donald Trump launched on trading partners and take a look at the way global economies are likely to be impacted.
In this episode of Relative Return, host Laura Dew is joined by Andrew Lockhart, managing partner at Metrics Credit Partners, to discuss the attraction of real estate debt and why it can be a compelling option for portfolio diversification.
In this week’s episode of Relative Return Unplugged, AMP’s chief economist, Shane Oliver, joins us to break down Labor’s budget, focusing on its re-election strategy and cost-of-living support, and cautioning about the long-term impact of structural deficits, increased government spending, and potential risks to productivity growth.
In this episode of Relative Return, host Laura Dew chats with Mark Barnes, head of investment research, and Catherine Yoshimoto, director of product management, from FTSE Russell about markets in Donald Trump's second presidency and how US small caps are faring compared to their large-caps counterpart.
