Master trusts outperform industry funds
Retail master trusts outperformed industry funds again in September on the back of surging equity markets, according to the latest data released by Chant West.
However, it was the members of superannuation funds that hedged strongly against the rising Australian dollar who emerged best during the month.
The Chant West analysis, released today, has revealed that the median growth superannuation fund returned a healthy 2.4 per cent resulting in a 4.3 per cent gain for the first quarter of the new financial year.
Chant West principal Warren Chant said that surging share markets in Australia and overseas had been the primary drivers for the rise and, while most funds now included a variety of alternative assets in the investment mix, traditional listed shares accounted for most of the performance.
“After a negative August, September was a bumper month for Australian and international shares and this led to strong returns for growth funds,” he said. “However, currency was also a very important factor and the funds that did best were those that hedged more against the rising Australian dollar.”
Chant said that retail master trusts with their higher weightings to listed shares had outperformed industry funds in September, albeit that industry funds continued to hold the advantage over the longer term.
AUTHOR
Mike Taylor
Recommended for you
The RBA has made its latest interest rate decision at the the final monetary policy meeting of 2025.
Greater consistency across the ASIC adviser exam has helped boost the number of first-time candidates this year with many opting to sit before undertaking a Professional Year.
Financial advice practice Eureka Whittaker Macnaught is in the process of acquiring three firms to boost its annual revenue to $25 million.
AMP has partnered with Dimensional Fund Advisors and SouthPeak IM to launch a suite of investment solutions aimed at expanding retail access to traditionally institutional funds.
