Familiar faces lead way for global equities
The global equity sector has gained one more five Crown fund in the latest FE fundinfo Crowns rebalance, with eight new funds getting five Crowns.
There were 25 funds that received five Crowns in the latest rebalance of FE fundinfo’s quantitative measure in the sector within the Australian Core Strategies universe.
There were three funds that had three Crowns previously: AtlasTrend Big Data Big, AXA Investment Management Sustainable Equity and Insync Global Capital Aware.
Four funds that had four Crowns also now had five: Carnegie Worldwide Equity Trust, Evans And Partners International, Fidelity Global Demographics and Ironbark Royal London Concentrated Global Share.
Morningstar Global Shares was previously unrated and was now the eighth new five Crown fund in the sector.
When it came to performance returns of the five Crown funds, Zurich Investments Concentrated Global Growth returned 82.99% over the three years to 31 December, 2019, according to FE Analytics.
This was followed by Hyperion Global Growth Companies (81.25%), Findex Global Growth (76.49%), Marsico CC Global (75.86%), and CFS Generation Global Share (74.97%).
Of the newly-rebalanced funds, Fidelity had the best return with 34.76%, followed by Insync (35.18%) and Evans and Partners (32.83%).
Best performing five Crown ACS global equity funds over the three years to 31 December 2019
AUTHOR
Chris Dastoor
Recommended for you
Moody’s has painted an optimistic picture for alternative asset managers in the year ahead, with lower interest rates and deregulation likely to prove supportive for their growth.
Platinum Asset Management has released its latest funds under management, with outflows notably improving from the $841 million lost in November.
Bennelong Funds Management chief executive, John Burke, has shared the firm’s priorities for 2025 including offering its responsible entity service to third parties.
With numerous private equity firms taking an interest in Australia, Money Management explores their backgrounds and the leading players who could take a stake.
