On balance, Aussie large caps the place to be

australian equities cent

7 March 2005
| By Michael Bailey |

Balanced funds with an overweight position on large cap Australian equities continue to be rewarded, with the ASX 300 again proving the best mainstream home for investors’ money in February.

According to the Mercer Pooled Fund Survey for periods ending February 28, the large cap skew was important because mid caps, small caps and listed property trusts all declined over the month.

In a month where a return of 2.2 per cent for the ASX 300 was enough to make it by far the best-performed asset class, Ausbil Dexia’s Balanced Fund topped the survey with 1.9 per cent after fees and tax, followed by Merrill Lynch’s Balanced Fund with 1.7 per cent.

Colonial First State’s Diversified pooled superannuation trust (PST) fared worst, with 0.5 per cent.

Over three years, Barclays Diversified Growth Fund and Maple-Brown Abbott’s PST tie for top honours with 7.6 per cent net returns.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks 5 days ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

1 week 4 days ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

6 days 15 hours ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

5 days 19 hours ago