Were you invested in these top Aussie equity funds in 2019?
Despite 2019 having no absence of domestic and international political unrest, the Australian equity sector still managed to return 22.56%, according to FE Analytics.
The best two performing Australian equity funds in 2019 within the Australian Core Strategies universe were both from DDH, with their Selector Australian Equities fund leading the way with a return of 39.21%.
Rounding out the top 10 was DDH Selector High Conviction Equity A (35.32%), Hyperion Australian Growth Companies (34.04%), Clime Australian Equities (31.97%), IOOF MultiMix Australian Equities (31.97%), IOOF Specialist Australian Shares (31.87%), UCA Australian Equities Trust Wholesale (31.52%), Crescent Wealth Australian Equity Retail (30.71%), UBS HALO Australian Share (29.55%) and Clime Australian Value Wholesale (29.44%).
The top holdings for the DDH Selector Australian Equities fund were Aristocrat Leisure (4.88%), James Hardie Industries (4.81%), IOOF (4.74%), IRESS (4.72%) and Jumbo Interactive (4.49%), as of 30 November, 2019.
Their sector weightings were in consumer products (29.8%); telecom, media and technology (19.78%); healthcare (18.13%); financials (10.17%); basic materials (8.71%); industrials (8.6%); and money market (4.82%).
For the High Conviction Equity A fund, the top holdings were Aristocrat Leisure (6.2%), James Hardie Industries (5.28%), Altium (5.04%), Seek (5%) and ResMed (4.79%).
Hyperion’s top holdings were Cochlear (10.23%), REA Group (10.22%), CSL (10.05%), Domino’s Pizza (8.74%) and Macquarie Group (7.03%), as of 30 November, 2019.
Their sector weightings were healthcare (31.6%), information technology (17.1%), communication services (12.5%), consumer discretionary (11.1%), financials (11%), cash (9.1%) and industrials (7.6%).
Clime’s Australian Equities fund top holdings were BHP (6.1%), Amcor (5.3%), Webjet (4%), Westpac (3.7%) and Bravura (3.5%).
Their asset allocations were in large cap equities (33.3%), mid-cap equities (30.3%), small-cap equities (25.5%) and cash (10.9%).
IOOF’s multimix top holdings were Avita Medical (4.66%), Commonwealth Bank (3.44%), BHP (2.98%), NAB (2.73%) and Westpac (2.57%), as of 30 September, 2019.
Their biggest sector weightings were financials (26.27%); basic materials (19.31%); consumer products (16.36%); heath care (14.37%); and telecom, media and technology (10.78).
The top 10 performing Australian equity funds in 2019
AUTHOR
Chris Dastoor
Recommended for you
The $673 billion global investment manager has appointed a former Zenith sales head as it seeks to expand its reach in the Australian wealth management market.
Fund managers may be operating in a squeezed environment, but a salary guide shows they are willing to pay up for specialist talent to diversify their fund range.
Reach Alternative Investments has entered into a strategic partnership with Russell Investments to bolster its wholesale private markets offering for financial advisers and investors.
Boutique investment consulting and research house Genium Investment Partners has announced a senior appointment to drive further growth in its research ratings business.
