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
BlackRock has announced its plan to acquire real estate investment firm ElmTree Funds which will be integrated into its new private financing solutions business.
With share price growth of 45 per cent for FY25, Australian Ethical has shared why it believes the firm has done so well compared to its active peers.
ETF investors would be wise to consider global or European exposure for their equity ETF allocations, according to AXA IM, with US government action expected to hit both its equity and bond performance.
A specialist ETF provider is seeking to become “the new Betashares” with its active ETFs, thanks to its use of algorithms to achieve outperformance.
