Among the long-only managers investing during the December quarter, the Plato Australian Shares Income Fund took out the top spot with a loss of 6.5 per cent.
The Yarra Ex-20 Australian Equity Fund was down the most in the long-only category at negative 18.4 per cent for the quarter. However its benchmark, the ASX ex-20, fell by more than the broader equity index over the same period.
The median return from Australia’s long-only funds was minus 10 per cent for the quarter and minus 4.2 per cent for the year, according to the Mercer survey.
The benchmark S&P/ASX 200 index slid 8.1 per cent over the quarter.
Fund managers that are focused on overseas markets were also ranked by Mercer on an annual and quarterly basis for its survey.
The MSCI World ex-Australian index fell 11.1 per cent over the quarter and rose 1.5 per cent over the year, the Mercer survey showed.
Of Australian fund managers invested globally, Hyperion Global Equity was the top performer over the year, generating up 16 per cent return for 2018. That came after a 10.1 per cent negative return over the fourth quarter of 2018.
Magellan Global was the second-best performer in the global section for the year, posting an 11.5 per cent return. Quarterly performance also suffered at Magellan, with the fund down 6.7 per cent during the three months to the end of December.
from A Viral Update http://bit.ly/2Hh4qSb
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