Top funds rewarded for strong 2017s
The 2018 Money Management/Lonsec Fund Manager of the Year Awards have seen 19 stellar funds and fund managers rewarded for standout 2017s, with boutique funds and Legg Mason proving the big winners.
The Awards recognised the top funds across a range of categories, as judged by Lonsec. The research house based its decision on funds’ performance against their benchmark within their category and an assessment of funds’ positive qualitative momentum.
The category winners were:
- Alternative Strategies: CFM Institutional Systematic Diversified Trust A
- Australian Fixed Income: Legg Mason Western Asset Australian Bond Fund – Class A
- Australian Property Securities: Folkestone Maxim A-REIT Securities Fund
- Australian Small Cap Equities: OC Dynamic Equity Fund
- Global Equities: PAN-Tribal Global Equity Fund
- ETF Provider: Vanguard Investments Australia
- Australian Large Cap Equities: Bennelong Australian Concentrated Equities Fund
- Direct Property: Australian Unity Healthcare Property Trust – Class A Units
- Long/Short Equities: PM Capital Global Companies Fund
- Global Fixed Income: Legg Mason Brandywine Global Opportunistic Fixed Income Fund
- Emerging Manager: Munro Partners – Global Growth Fund
- Infrastructure Securities – Lazard Global Listed Infrastructure Fund
- Multi-Asset: Pinebridge Global Dynamic Asset Allocation Fund
- Global Emerging Markets Equities: Legg Mason Martin Currie Global Emerging Markets Fund
- Global Property Securities: Quay Global Real Estate
- SMA Provider: AB Concentrated Global Growth Equities Portfolio
- Retirement and Income Focussed: Wingate Global Equity Fund – Hedged
- Responsible Investments: Alphinity Sustainable Share Fund.
Legg Mason won the overall Fund Manager of the Year award, for the third time in the last four years.
AUTHOR
Hannah Wootton
Recommended for you
Commentators have said Australian fund managers are less knowledgeable compared with overseas peers when it comes to expanding their range with ETFs and underestimating the competition from passive strategies.
VanEck is to list two ETFs on the ASX next week, one investing in residential mortgage-backed securities and the other in Indian companies.
Perpetual outflows have risen by 134 per cent from the previous quarter as the result of client mergers and rebalancing including $2.5 billion in outflows at Pendal Asset Management.
ClearBridge Investments has expanded investor access to its global infrastructure investment strategies through the launch of three active ETFs on the ASX.
