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
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.
