Five funds in the Australian equity sector look like a strong case for active management, with data from FE Analytics unveiling the front-runners that have outperformed their S&P ASX 300 benchmark continuously over the last five years.
According to FE Analytics, the S&P ASX 300 index is the most common benchmark among the funds in the Australian equity sector, and it has returned 8.91 per cent, 11.53 per cent, 15.45 per cent and 7.17 per cent across the five, three, one and six months to 31 August 2018.
While 27 of around 200 funds categorised as investing in the asset class have maintained a top-quartile position for the five years to date, an outstanding performer has been Bennelong’s Concentrated Australian Equity fund, which has just about doubled the performance of the index across five, three and one-year timeframes.
The fund, which was the top-performing fund in the sector across three and five-year periods, has returned 17.82 per cent, 21.82 per cent and 28.17 per cent across five, three and one-year periods, respectively.
The top performer for the year to last month’s end, and similarly a fund that’s almost doubled the index across all timeframes is Ausbil’s Australian Geared Equity fund, with returns of 15.9 per cent, 21.62 per cent and 36.72 per cent across five, three and one-year periods, respectively.
Bennelong’s Australian Equities fund was also a consistent benchmark-defeater, placing fourth for...