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Fund Features

The world’s largest asset manager just became the world’s largest sustainable investor.

Why geared funds won; Montgomery optimism; insto pessimism; 20 great tips for retirees; best ways to donate for fires; hybrids v TDs; poacher changes.

As Australia’s small business sector calls for more action to reduce the risks from disasters such as bushfires, we look back at how environment, social and governance principles have become a vital business consideration.

Investor demand for credit assets held up better than many expected last year amid record interest rate lows and continuing US-China trade tensions.

Our monthly update detailing the short- and long-term performance of major indices.

How an outsider conquered the fund industry.

We sort the wheat from the chaff in a year marked by record low rates, weak growth and trade tensions.

State Street Global Advisors is a pioneer in the Australian ETF market, but aggressive pricing from new rivals has eroded its competitive edge.

Historically low interest rates have dented the reputation of cash as a financial security blanket.

Specialised tech companies ServiceNow, Taiwan Semiconductor and ASML are singled out as appealing investment opportunities by asset manager Capital Group.

Betting on an emerging Australian success story and its sometimes stratospheric early-stage share price gains is alluring for investors, but comes with a high risk of capital loss.

As investors assess their results for the year and plot a course for 2020 and beyond, many will be tempted to dump those that tanked in 2018 and focus on the outperformers.

Our monthly update detailing the short- and long-term performance of major indices.

Surging demand for passive investments doesn't mean investors should abandon active funds altogether, which would be dangerous and detrimental.

Schroders, Fidelity, Pendal and Investors Mutual have adjusted their holdings in the largest miners as uncertainty grows around China's steel demand.

From barely a dozen fixed-interest ETFs five years ago, there are now nearly 30 Australian and global funds, with more in the pipeline, writes Anthony Fensom.

Luxury goods company LVMH, confectioner Nestle, payments company Visa and consumer goods firm Reckitt Benckiser each hold positions in three of these well-regarded global equity funds.

Two upgrades, six downgrades and 73 rating affirmations highlight a busy October for Morningstar fund analysts.

The performance of some Australian stock funds with tilts toward environmental, social and governance objectives lags their non-ESG equivalents. 

The watchdog has again delayed its requirement for super funds to reveal what's in their portfolios

Our monthly update detailing the short- and long-term performance of major indices.

With a General Election slated for December and Brexit postponed until 2020, investors should consider how their portfolios are positioned for more months of uncertainty.

Our monthly update detailing the short- and long-term performance of major indices.

In the final part of our special report on value investing, we examine the common themes linking the top value funds during the past several years.

There's a lot for Australia's retiree class to like about the Bronze-rated listed investment company Australian Foundation Investment Company 

One fund has dropped out of Morningstar's Medal rankings, another has swapped its Silver for a Bronze and a third is under review.

Funds from Aberdeen Standard and Fidelity can provide investor exposure to parts of the oilfield services sector, which a new Morningstar report views as around 35 per cent undervalued.

More...

Fund Styles

Large Value

About this style

These Funds own mostly larger-sized companies the fund manager believes are overlooked by the market and trading relatively cheaply

Fund Example Morningstar
Rating
Net Assets
$mil
1 y% 3y%
2,365.83 -- --

More info on this example...

10 Top Tens

Multisector Growth
Fund Name Morningstar
Rating
6m% 1y% 3y%
Vanguard Growth Index 5 4.86 19.74 9.22
FirstChoice WS Growth 3 5.29 18.84 8.52
Advance Balanced Multi-Blend W 4 4.90 18.54 9.03
FirstChoice Wholesale Multi-Index Growth 3 4.49 18.24 7.81
CFS Wholesale Diversified 4 3.87 17.47 8.96
FirstChoice WS Balanced 3 4.80 17.09 7.89
AustralianSuper Balanced 5 4.76 17.03 10.40
FirstChoice WS Multi-Index Balanced 4 3.97 16.70 7.86
MLC Wholesale Horizon 4 Balanced 3 4.10 16.45 8.05
Russell Balanced A 3 4.45 15.88 7.23
Multisector Balanced
Fund Name Morningstar
Rating
6m% 1y% 3y%
BlackRock Global Allocation Aus D 4 5.73 16.71 6.64
Vanguard Balanced Index Fund 5 3.79 16.07 7.81
FirstChoice WS Moderate 4 4.19 15.10 7.12
CFS FC Multi-Index Moderate-Class A 5 3.65 15.01 7.38
Advance Moderate Multi-Blend W 4 3.74 14.86 7.47
CFS Wholesale Balanced 3 2.93 13.43 7.26
Russell Diversified 50 A 3 3.48 13.19 6.28
FirstChoice WS Multi-Index Diversified 3 3.10 13.02 6.48
CFS FirstChoice WS Diversified 3 3.57 12.96 6.28
Pendal Balanced Returns 3 3.09 12.74 6.50
Australian Large Value
Fund Name Morningstar
Rating
6m% 1y% 3y%
Nikko AM Australian Share W 3 5.44 23.63 6.98
Perennial Value Shares Wholesale Trust 3 4.95 22.77 7.12
Dimensional Australian Core Equity Trust 4 3.56 22.68 9.88
Realindex Australian Share-Class A 5 1.86 21.91 8.99
Nikko AM Australian Share Concntr 3 2.92 21.88 5.83
Nikko AM Australian Share Income 4 3.86 21.82 6.86
Dimensional Australian Value Trust 3 0.10 20.47 8.59
Maple-Brown Abbott Aus Shr Wholesale 3 0.40 17.85 6.38
Perpetual Wholesale Australian 3 2.88 17.24 6.20
Perpetual W Share Plus L/S 5 3.73 17.12 7.92
Australian Large Blend
Fund Name Morningstar
Rating
6m% 1y% 3y%
Tribeca Alpha Plus Class A 4 5.06 28.04 8.56
DNR Capital Aus Eq High Conviction 3 8.91 27.55 9.93
Pendal Focus Australian Share 5 5.58 27.14 12.28
Alphinity Concentrated Australian Share 5 3.34 26.24 11.09
Fidelity Australian Opportunities 5 4.36 26.12 11.67
Acadian Wholesale Aus Equity Long Short 4 2.84 25.78 10.92
CFS Wholesale Imputation 3 3.64 25.69 12.11
BlackRock Advantage Australian Equity 4 2.71 25.00 11.12
Acadian Wholesale Australian Equity 4 3.24 24.53 10.49
Airlie Australian Share 0 7.86 24.37 --
Australian Large Growth
Fund Name Morningstar
Rating
6m% 1y% 3y%
Hyperion Australian Growth Companies 4 11.91 30.61 12.60
Platypus Australian Equities - Wholesale 5 10.35 27.42 16.78
Greencape High Conviction 4 8.32 27.42 13.51
Bennelong Australian Equities 5 8.76 27.34 15.39
Ausbil Australian Active Equity 3 5.97 27.18 10.72
Greencape Broadcap 4 6.60 26.17 12.50
CFS Wholesale Australian Share 4 5.54 25.99 12.33
T. Rowe Price Australian Equity 3 8.51 25.78 10.45
Ausbil 130/30 Focus - Wholesale 4 2.87 21.96 10.07
Australian Mid/Small Blend
Fund Name Morningstar
Rating
6m% 1y% 3y%
UBS Australian Small Companies Fund 4 9.14 33.16 13.70
Celeste Australian Small Companies 2 10.81 30.57 8.34
Fidelity Future Leaders 4 4.59 27.57 17.59
NovaPort Smaller Companies 2 10.13 27.03 7.30
Australian Ethical Australian Shr 4 10.96 27.02 9.91
CFS Wholesale Aus Small Companies 3 6.79 26.38 11.85
Pengana Emerging Companies 4 7.86 24.78 10.80
Dimensional Aust Small Company Trust 2 4.57 21.92 8.82
OC Premium Small Companies 4 6.32 20.90 11.76
Perpetual Wholesale Smaller Companies 3 6.08 17.52 8.25
World Large Value
Fund Name Morningstar
Rating
6m% 1y% 3y%
Barrow Hanley Global Equity Trust 4 9.85 25.93 12.61
Perpetual Global Share Class A 4 5.20 25.18 13.16
Altrinsic Global Equities Trust 4 9.61 22.94 10.64
Dimensional Global Value Trust 3 8.38 22.07 9.55
Acadian Sus Wholesale Glb Equity 4 6.14 21.60 10.77
Realindex Global Share-Class A 3 7.64 21.23 10.89
Epoch Gbl Eq Shldr Yld Fd Uhgd 3 7.27 20.12 8.92
Templeton Global Trust Fund 2 7.64 18.88 7.91
Acadian Wholesale Global Eqty Long Short 5 7.27 18.02 10.76
Talaria Global Equity 3 6.75 16.88 8.41
World Large Blend
Fund Name Morningstar
Rating
6m% 1y% 3y%
PM Capital Global Companies 3 14.08 31.84 12.93
Capital Group New Perspective (AU) 5 9.32 30.00 16.88
Magellan High Conviction 5 11.42 29.58 18.22
Nikko AM Global Share 5 6.34 29.10 17.02
IFP Global Franchise 5 9.41 29.05 13.04
JPMorgan Glb Rsrch Enhncd Idx Eq Fd 3 9.50 28.56 13.43
AB Global Equities 5 8.55 28.28 16.16
Vanguard International Shares Index 4 9.13 28.23 13.91
iShares International Equity Index 4 9.09 28.17 13.94
Magellan Global 5 8.17 28.05 17.12
World Large Growth
Fund Name Morningstar
Rating
6m% 1y% 3y%
Franklin Global Growth W 4 10.61 35.76 17.95
Zurich Investments Unhedged Global Gr 4 7.37 34.91 18.16
Pan-Tribal Global Equity Fund 2 9.44 31.89 11.83
MFS Concentrated Global Equity Trust W 4 8.03 31.68 15.96
C WorldWide Global Equity Trust 3 8.22 31.30 16.72
MFS Global Equity Trust 4 7.72 30.93 14.77
Zurich Investments Gbl Thematic Shr 3 7.24 30.52 15.63
Generation Wholesale Global Share 5 9.30 29.95 20.50
T. Rowe Price Global Equity 4 6.90 29.85 18.75
Walter Scott Global Equity 4 7.69 29.09 17.03
Australian Real Estate
Fund Name Morningstar
Rating
6m% 1y% 3y%
Pendal Property Investment 4 0.30 22.85 10.65
AMP Capital Listed Property Trusts A 4 -0.27 22.45 10.60
Cromwell Phoenix Property Securities 5 5.72 21.24 10.34
MLC Wholesale Property Securities 3 0.17 19.63 8.88
Vanguard Australian Property Secs Idx 4 0.26 19.32 9.46
iShares Australian Listed Property Index 4 0.20 19.20 9.33
CFS Wholesale Property Securities 3 -0.44 19.06 8.69
Antares Prof Listed Property 3 -0.79 18.45 6.90
Zurich Investments Aus Property Secs 4 1.61 18.26 9.04
FirstChoice WS Property Securities 3 0.63 18.21 8.63