According to the Australian Institutional Sector Survey – released by Morningstar yesterday – the “median Australian share fund manager outperformed the index return by 0.6 per cent over the month of September”.
The survey suggests that longer-term annualised returns were 6.5 per cent over the year, 16.0 per cent over three years and 7.3 per cent over five years.
The figures are contrasted against the median international share fund manager’s return, which was found to be 19.5 per cent over the year and 22.5 per cent over the three years to 30 September 2014.
Meanwhile, the “median Australian property securities manager” gained 12.9 percent over the year – which is “slightly above the index's 12.2 per cent” – according to the survey.
“Growth assets produced mixed results over the month,” the report concluded.
“International shares recorded 4.3 percent, global listed property -4.9 percent, Australian listed property -5.3 percent and Australian shares returned -5.4 per cent.”
