Did Aussie equities impact mixed asset funds?

6 December 2019
| By Chris Dastoor |
image
image
expand image

Australian Equities were a major part of the best performing mixed asset – balanced funds, which allocated at least around a third of their portfolio to that sector.

According to data from FE Analytics, the mixed asset – balanced sector returned 12.92% the year to 29 November 2019.

The best performers were Fiducian Balanced (19.79%), Legg Mason Martin Currie Diversified Income A (19.67%), Australian Ethical Balanced B (18.29%), IPAC Select Index Balanced (17.74%) and IPAC Life Choices Index 50 (17.57%).

Fiducian was weighted in Australian equities (37.61%), international equities (26.69%), Australian fixed interest (12.89%), money market (8.93%), property (8.93%) and global fixed interest (4.94%), as at 31 October, 2019.

Legg Mason/Martin Currie’s holdings were in Legg Mason Australian Equity Income Trust Class X (47.63%), Legg Mason Australian Real Income Fund Class X (32.24%), Legg Mason Western Asset Australian Cash Plus Trust Class X (11.98%), Legg Mason Western Asset Australian Bond Trust Class X (6.45%).

These were predominately weighted in Australian equities (50.9%), property (23.19%), Australian fixed interest (13.7%), money market (7.64%).

Australian Ethical was weighted in Asia Pacific equities (33.23%), international equities (26.22%), Australian fixed interest (23.02%), property (8.52%), money market (7.09%) and alternative assets (1.92%).

IPAC’s Life Choices Index 50 was weighted in international equities (34.15%), Australian equities (30.39%), Australian fixed interest (13.09%), money market (9.91%), property (7.33%) and global fixed interest (5.12%).

Best performing  mixed asset – balanced sector over the year to 29 November 2019

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 6 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day 3 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 4 days ago