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
Funds managers are being urged by financial advisers to improve their “outdated” education and communication about alternative funds as they actively target them towards retail clients.
GAM Investments has appointed Eric Finnell as its managing director for Australia after his predecessor left to take up the CEO role at Global X.
Fidelity International has looked internally to appoint a head of strategic sales and solutions for its Australian division, which is a newly created role for the business.
Lonsec’s deputy CIO Deanne Baker has highlighted what investment tools the firm is harnessing to mitigate the impact of geopolitical risks in its managed account offerings.
