Money Management looked at last year’s top quintile Australian small/mid-cap equity funds and data from FE Analytics showed five funds had taken 2018 in their stride and maintained their top position.
The Ophir High Conviction fund, the Macquarie Small Companies fund, the CFS MIF Future Leaders fund, the Fidelity Future Leaders fund and the AMP Experts’ Choice Small Companies fund maintained their impressive top quintile position from 2017 well into 2018.
The top performer of the five funds in 2017 was the Macquarie Small Companies fund, which returned 34.58 per cent last year and for the year to 31 July 2018 has returned 10.10 per cent, putting it in second place this year.
The relatively small fund is rated five Crowns and has a FE risk score of 111, placing it slightly above its benchmark, the S&P ASX Small Ordinaries Accumulation Index, in terms of risk.
In 2017, it sat well above the sector average, which was 17.50 per cent, and continued to do so over the first half of 2018 given the sector returned 4.36 per cent this year.
The Ophir High Conviction fund was the second best of the bunch in 2017 but became a front-runner this year with returns of 12.43 per cent for the first half of the year.
The fund, which has been co-managed by Andrew Mitchell and Steven Ng since inception in August 2015, is benchmarked against the S&P/ASX Mid-Small Index and invests in companies which typically “already...