Nine highly-rated funds investors might be missing
You might need a magnifying glass to see them, but Money Management has used data from FE Analytics to spot nine five-Crown rated funds in the Australian equity sector with less than $30 million in funds under management that investors may have missed.
The smallest funds with the top five-Crown rating were Macquarie Australian Equities, DDH Selector Australian Equities and SGH Australian Plus, having under $10 million in funds under management and smashing the metrics.
For the year to last month’s end, the S&P ASX 300 returned 15.45 per cent, and the DDH Selector Australian Equities fund, Macquarie Australian Equities fund and SGH Australia Plus fund returned 35.27 per cent, 16.41 per cent and 19.40 per cent, respectively.
The chart below shows the performance of the small funds in relation to the index for the period 31 August 2017 to 31 August 2018.
BlackRock Equity, SGH 20 and Value Growth returned 28.65 per cent, 23.41 per cent and 26.80 per cent respectively as compared to the S&P ASX 300 index’s returns of 15.45 per cent for the year to 31 August.
The chart below shows the performance of the funds as compared to the index.
BlackRock’s Growth fund leads the larger funds of the bunch with returns of 28.44 per cent, followed by the Alpha Australian Blue Chip fund with returns of 19.55 per cent and the Legg Mason Martin Currie Select Opportunities fund, which returned 15.68 per cent.
The chart below shows the performance of the funds as compared to the index.
The table below shows the small funds, their FE Crown rating, and their amount of funds under management.
AUTHOR
Anastasia Santoreneos
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