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.
AUTHOR
Oksana Patron
Recommended for you
Milford is to launch three funds following consultation with financial advisers while closing two other strategies which hold a small volume of assets.
A founding member of fund manager IML is to depart the firm later this year after 27 years.
Magellan Financial Group reported outflows of $0.5 billion in February but saw a slight increase in its infrastructure division despite the exit of head Gerald Stack.
The global investment manager has unveiled two new diversified ETFs on the ASX targeting the next generation of Australian investors.
