Active fund returns exceed passive funds
Almost 70% of Australian active funds and 62% of global active funds have exceeded passive fund returns in September, according to Activus Investment Advisors.
At the same time, the average Australian active outperformance stood at 0.7% while average global active outperformance was 0.3%.
During the last quarter, a percentage of Australian active funds outperforming index was 66.2%. The same percentage stood at 59% when looking at the past six months.
The percentage of Australian active funds outperforming index climbed to 60.3% for the past 12 months compared to only 35.6% for the period of five years.
As far as global shares were concerned, the percentage of funds outperforming index stood at 41.4% and 51.7% for the past three months and the past six months, respectively.
The same figure stood at 40.9% for the period of the past 12 months compared to only 28.2% of global active funds outperforming index for the past five years.
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.