Seven funds consistently given top rating
While high-performing funds over a period of time look great, there are few funds that can consistently outperform and there are only seven funds that have been given a 5 Crown rating in every ratings rebalance since August 2017.
The funds are Macquarie Australian Small Companies, Cromwell Phoenix Opportunities, IOOF MultiMix Growth, IOOF Balanced Investor Trust, Crescent Wealth Property Retail, Legg Mason Western Asset Conservative Income X, and IOOF Strategic Cash Plus.
Two of the seven funds were in the Australia small/mid cap sector with Macquarie Australian Small Companies performing best at 44.4%, and followed by Cromwell Phoenix Opportunities at 28.4%, over the three years to 30 June, 2020.
The Macquarie Australian Small Companies latest factsheet said its three largest contributors were mineral companies as gold and copper prices rallied.
“The recovery in the Australian and global markets continued throughout July, with some June quarter data beating expectations and some positive results regarding the early-stage development of a COVID-19 vaccine,” it said.
“Despite this, economic uncertainty increased as many economies, including the US and Australia, struggled to contain a resurgence in case numbers and enforced unprecedented lockdown measures in areas deemed to be hotspots.”
Crescent Wealth Property Retail fund was the only consistently top-rated property fund which returned 16.98%.
Two were under the cash enhanced – Australian dollar sector with Legg Mason Western Asset Conservative Income X returning 6.39% and IOOF Strategic Cash Plus returning 5.35%.
IOOF’s MultiMix Growth fund returned 23.7% and the third IOOF fund that had been consistently top rated was its Balanced Investor Trust fund at 20.3%.
Recommended for you
The alternative investment manager has signalled its intentions to repackage an existing fund into a second private equity vehicle, targeting both listed and unlisted opportunities.
The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.
Platinum Asset Management and VanEck have both announced name changes to multiple of their ETFs to clarify their complexity.
Active ETFs are gaining traction in Asia-Pacific as wealth managers seek to blend the low-cost fees of passive with active management.
