Five Aussie equity funds consistently outperforming the ASX 300
Five funds in the Australian equity sector look like a strong case for active management, with data from FE Analytics unveiling the front-runners that have outperformed their S&P ASX 300 benchmark continuously over the last five years.
According to FE Analytics, the S&P ASX 300 index is the most common benchmark among the funds in the Australian equity sector, and it has returned 8.91 per cent, 11.53 per cent, 15.45 per cent and 7.17 per cent across the five, three, one and six months to 31 August 2018.
While 27 of around 200 funds categorised as investing in the asset class have maintained a top-quartile position for the five years to date, an outstanding performer has been Bennelong’s Concentrated Australian Equity fund, which has just about doubled the performance of the index across five, three and one-year timeframes.
The fund, which was the top-performing fund in the sector across three and five-year periods, has returned 17.82 per cent, 21.82 per cent and 28.17 per cent across five, three and one-year periods, respectively.
The top performer for the year to last month’s end, and similarly a fund that’s almost doubled the index across all timeframes is Ausbil’s Australian Geared Equity fund, with returns of 15.9 per cent, 21.62 per cent and 36.72 per cent across five, three and one-year periods, respectively.
Bennelong’s Australian Equities fund was also a consistent benchmark-defeater, placing fourth for the three years to date with returns of 17.33 per cent behind the DDH Selector Australian Equities fund, which returned slightly more at 20.28 per cent, and was the second-best fund for the year to 31 August 2018.
Another top fund was the Lincoln Australian Growth fund, which, while it only outperformed the index across a five-year timeframe by just under two per cent, has more than doubled the returns of index in the year to 31 August, with returns of 34.28 per cent.
The chart below shows the performance of the funds compared to the S&P ASX 300.
The table below shows all the top quartile funds in the Australian equity sector that have outperformed the S&P ASX 300 across five, three and one-year periods.
|
Name |
Returns (%) One year annualised to 31 August 2018 |
Returns (%) Three years annualised to 31 August 2018 |
Returns (%) Five years annualised to 31 August 2018 |
|
Bennelong Concentrated Australian Equity ATR in AU |
28.17 |
21.82 |
17.82 |
|
Ausbil Australian Geared Equity ATR in AU |
36.72 |
21.62 |
15.9 |
|
DDH Selector Australian Equities ATR in AU |
35.27 |
20.28 |
16.26 |
|
Bennelong Australian Equities ATR in AU |
28.17 |
17.33 |
12.29 |
|
BlackRock Equity ATR in AU |
28.65 |
17.3 |
10.92 |
|
Ganes Value Growth ATR in AU |
26.8 |
17.23 |
11.55 |
|
BlackRock Growth ATR in AU |
28.44 |
17.12 |
10.71 |
|
Pendal Geared Imputation ATR in AU |
27.75 |
16.72 |
12.12 |
|
Platypus Australian Equities Trust ATR in AU |
30.67 |
16.11 |
13.13 |
|
Perpetual Wholesale Geared Australian ATR in AU |
28.71 |
16.03 |
10.47 |
|
OnePath Wholesale Geared Australian Shares Index Trust ATR in AU |
26.45 |
15.87 |
10.15 |
|
Hyperion Australian Growth Companies ATR in AU |
29.74 |
15.67 |
12.4 |
|
Ganes Focused Value ATR in AU |
25.75 |
15.32 |
10.16 |
|
AMP Capital Specialist Geared Australian Share ATR in AU |
23.92 |
15.03 |
10.64 |
|
Lincoln Australian Growth ATR in AU |
34.28 |
15.02 |
11.11 |
|
Alphinity Concentrated Australian Share ATR in AU |
20.4 |
14.46 |
11.17 |
|
Fiducian Geared Australian Share ATR in AU |
22.88 |
14.37 |
12.5 |
|
UCA Australian Equities Portfolio ATR in AU |
22.88 |
14.36 |
10.24 |
|
Solaris High Alpha Australian Equity ATR in AU |
19.48 |
13.84 |
11.21 |
|
Greencape High Conviction ATR in AU |
20.18 |
13.76 |
10.96 |
|
Alphinity Sustainable Share ATR in AU |
23.38 |
13.37 |
10.34 |
|
WaveStone Australian Share ATR in AU |
21.25 |
13.15 |
11.8 |
|
CI Brunswick ATR in AU |
18.77 |
13.07 |
14.12 |
|
Platypus Systematic Growth ATR in AU |
20.41 |
13.07 |
11.61 |
|
Solaris Core Australian Equity ATR in AU |
18.28 |
13.07 |
10.82 |
|
UCA Growth Portfolio ATR in AU |
21.44 |
12.88 |
11 |
AUTHOR
Anastasia Santoreneos
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