Resources are the best performers
Resources are taking the cake and in terms of the best annual performance amongst Australian fund managers, but technology is proving to be the flavour of the month, according to Money Management Investment Centre (MMIC),
The top performing managed funds in Australian on a year-to-date basis invested in gold, natural resources and emerging resources.
The underlying data feed from Financial Express found the top five performers were: Select Baker steel gold with a 88.15 per cent return year-to-date, which ranked it the best performer, Terra Capital natural resources which ranked second with 57.13 per cent, and Blackrock international gold wholesale, ranked third with 56.39 per cent.
BT class investment BT natural resources was the fourth best performer for the year, with 27.16 per cent and Market Vectors Australian emerging resource exchange traded fund (ETF) took out fifth with 25.58, according to MMIC.
[[{"fid":"27896","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":"Top five funds","field_file_image_title_text[und][0][value]":"Top five funds"},"type":"media","attributes":{"alt":"Top five funds","title":"Top five funds","class":"media-element file-default"}}]]
When it came to the top performing funds for month, technology led the way, followed by geared share funds.
BT technology generated the best return in the last 30 days with 11.07 per cent. It was followed by Fiducian technology with 10.58 per cent and AMP generations Colonial First State (CFS) geared Australian shares fund with 10.06 per cent, according to the MMIC data.
BetaShares NASDAQ 100 ETF ranked fourth best performer of the month with 9.95 per cent, and CFS First Choice wholesale geared share fund took out fifth with 9.94 per cent.
[[{"fid":"27897","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":"Top five funds for the month ","field_file_image_title_text[und][0][value]":"Top five funds for the month "},"type":"media","attributes":{"alt":"Top five funds for the month ","title":"Top five funds for the month ","class":"media-element file-default"}}]]
For more information, please visit MMIC: http://investmentcentre.moneymanagement.com.au/investments/managed-investments/fund-price-performance
Recommended for you
BlackRock has taken a $25 million stake in Generation Development Group as the two firms announce a strategic alliance to design and distribute tailored retirement solutions.
The global asset manager is launching its second alternatives fund for Australian wealth clients, focusing on private equity investment opportunities.
Trading platform Selfwealth has officially delisted from the ASX, marking the final step of Svava’s acquisition plans as it implements a scheme of arrangement.
US alternative credit manager Apollo Global Management is viewing Australia as a “priority market”, as it launches a fund for Australian wholesale investors with Channel Capital.
