Which Aussie equity funds received the top Crown rating?
In the latest FE fundinfo Crown rating rebalance, seven funds in the Australian Core Strategies Australian equities sector have received five Crowns, six of those were upgrades.
AllianceBernstein Managed Volatility Equities, CI Brunswick, DDH Selector Australian Equities, Legg Mason Martin Currie Real Income, Platypus Australian Equities Trust and Yarra Australian Real Assets Securities were the six newly-crowned.
Macquarie Australian Shares was the only carry-over five Crown fund, as the company lost several of its five Crown funds from the last rebalance in September.
Six of the seven previous five Crown rated funds from the last rebalance in September had dropped.
Alphinity Sustainable Share, Macquarie Active Plus Equities, Macquarie Wholesale Australian Equities, Macquarie Australian Equities now had four Crowns, with Schroder Australian Equity on two, and Dimensional Australian Value Trust on one.
Over the three years to 31 December, 2019, DDH Selector returned 73.08%, and was the best performing in the sector for the last calendar year, as well as over the last three years.
Macquarie Australian Shares (47.15%), CI Brunswick (returning 42.35%), and DDH were the top three best funds of the last decade.
Performance of the five Crown rated funds over the three years to 31 December 2019
AUTHOR
Chris Dastoor
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
