How these top funds nearly tripled the market’s returns

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Some managed funds that invest in Australian shares outpaced the market for the year to June 30 by almost three times

A swag of top-performing Australian share managed funds have boasted a return of more than 25 per cent for the year to June 30, compared to the broader Australian sharemarket’s return of 11.9 per cent.

The fund is also ranked first over three years, with an average annual compound return of 17.2 per cent. ECP Asset Management All Cap fund is in second spot, with a return of 29.1 per cent and 12.4 per cent over three years. The fund has also done particularly well from its holdings in GQG Partners along with Hub24, a technology provider to the wealth industry.

Over five years to June 30, the typical fund manager performed a little better with an average annual compound return of 8.3 per cent, compared to 7.2 for the market. “Some investors like to believe that they can pick a winning manager - particularly those who are not familiar with the data that shows just how difficult it is,” Brycki says.

 

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