Top 5 Australian Equities funds by inflows
UBSAustralian Share Fund, an essentially style neutral managed fund, benefited from a poor international share market over the past year that hurt mainly growth managers. It experienced the highest inflows in the Australian equities class not only because of poor markets overseas, but because it gained popularity due to awards won from research houses.
Helped by its value bias,PerpetualIndustrial Share Fund also managed to capitalise on the international market downturn to score the second highest Australian equities inflow. The fund manager was helped by a good brand awareness in the Australian market, and as yet Peter Morgan’s departure has had a minimal effect on inflows.
TheMLCMasterKey Unit Trust Income Builder is a multi-manager product of whichMaple-Brown Abbottmanages a large portion. As Maple-Brown is a value manager, it too benefited from the international situation. MLC has also been experiencing strong inflows across all its MasterKey products, according toAssirt.
Outsourced to value managerInvestors Mutual, Sandhurst Industrial Share Fund managed to find a place in the Top 5 managed fund Australian equity inflows because of this value bias.
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