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Fund Features

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%
1.55 -- --

More info on this example...

10 Top Tens

Multisector Growth
Fund Name Morningstar
Rating
6m% 1y% 3y%
Vanguard Growth Index 5 9.37 18.24 10.54
CFS Wholesale Diversified 4 7.81 17.67 10.13
Advance Balanced Multi-Blend W 3 8.41 16.31 10.07
FirstChoice WS Growth 3 8.86 16.07 9.55
FirstChoice Wholesale Multi-Index Growth 3 7.84 15.79 9.29
AustralianSuper Balanced 5 8.32 15.46 11.13
MLC Wholesale Horizon 4 Balanced 4 7.18 15.34 9.27
FirstChoice WS Balanced 3 8.02 14.90 8.81
FirstChoice WS Multi-Index Balanced 4 7.20 14.86 8.95
Russell Balanced A 3 7.72 14.69 8.32
Multisector Balanced
Fund Name Morningstar
Rating
6m% 1y% 3y%
Vanguard Balanced Index Fund 5 7.62 15.75 8.83
CFS Wholesale Balanced 3 6.33 14.34 8.21
Advance Moderate Multi-Blend W 4 6.78 13.93 8.35
CFS FC Multi-Index Moderate-Class A 4 6.53 13.63 8.32
FirstChoice WS Moderate 4 7.15 13.51 7.96
IPAC Income Generator 3 5.38 13.45 6.76
Russell Diversified 50 A 3 6.42 13.02 7.17
Pendal Balanced Returns 3 6.13 12.73 7.55
FirstChoice WS Multi-Index Diversified 3 5.65 12.05 7.29
Pendal Active Moderate 3 5.63 11.95 6.78
Australian Large Value
Fund Name Morningstar
Rating
6m% 1y% 3y%
Realindex Australian Share-Class A 5 7.74 24.44 11.44
Dimensional Australian Core Equity Trust 4 8.01 22.93 12.01
Nikko AM Australian Share Income 4 9.07 22.27 9.86
Perennial Value Shares Wholesale Trust 3 8.89 21.66 8.69
Nikko AM Australian Share W 4 10.71 21.23 10.01
Nikko AM Australian Share Concntr 3 7.73 21.09 8.90
Dimensional Australian Value Trust 3 3.89 20.40 10.72
Maple-Brown Abbott Aus Shr Wholesale 3 5.47 19.73 9.40
Perpetual Wholesale Australian 3 7.54 18.97 8.30
MLC Wholesale IncomeBuilderTM 3 5.58 18.44 7.02
Australian Large Blend
Fund Name Morningstar
Rating
6m% 1y% 3y%
Acadian Wholesale Aus Equity Long Short 4 10.96 29.35 13.15
DNR Capital Aus Eq High Conviction 3 13.86 29.03 12.35
BlackRock Advantage Australian Equity 4 9.72 28.34 13.47
Alphinity Concentrated Australian Share 5 10.64 28.23 13.63
CFS Wholesale Imputation 3 9.43 27.24 13.55
Pendal Focus Australian Share 5 10.06 27.17 14.45
Fidelity Australian Opportunities 5 10.59 26.88 13.82
Dimensional Aust Large Company Trust 4 9.77 26.75 12.82
State Street Australian Equity 4 10.24 26.59 11.35
Acadian Wholesale Australian Equity 4 9.05 26.44 12.82
Australian Large Growth
Fund Name Morningstar
Rating
6m% 1y% 3y%
Bennelong Australian Equities 5 15.46 29.69 16.89
Ausbil Australian Active Equity 3 12.31 29.09 13.13
Hyperion Australian Growth Companies 4 17.04 28.86 14.08
Platypus Australian Equities - Wholesale 4 14.16 27.47 16.91
CFS Wholesale Australian Share 4 10.87 27.11 13.65
Greencape High Conviction 4 11.99 26.33 15.10
Greencape Broadcap 4 10.96 25.87 14.60
Ausbil 130/30 Focus - Wholesale 4 10.20 25.34 12.34
T. Rowe Price Australian Equity 3 13.63 24.24 12.86
Australian Mid/Small Blend
Fund Name Morningstar
Rating
6m% 1y% 3y%
Fidelity Future Leaders 4 10.66 28.68 18.69
UBS Australian Small Companies Fund 4 14.25 24.14 14.34
Australian Ethical Australian Shr 4 12.77 23.95 11.07
NovaPort Smaller Companies 2 9.95 23.25 8.29
CFS Wholesale Aus Small Companies 4 8.09 22.92 13.02
Celeste Australian Small Companies 2 8.27 22.36 9.77
Dimensional Aust Small Company Trust 2 6.36 19.29 10.29
Pengana Emerging Companies 4 9.41 17.83 11.77
Perpetual Wholesale Smaller Companies 3 7.99 17.15 9.38
OC Premium Small Companies 4 8.11 14.67 12.99
World Large Value
Fund Name Morningstar
Rating
6m% 1y% 3y%
Barrow Hanley Global Equity Trust 5 17.40 21.90 14.86
Perpetual Global Share Class A 5 10.48 20.00 14.11
Epoch Gbl Eq Shldr Yld Fd Uhgd 3 12.83 18.02 11.26
Altrinsic Global Equities Trust 4 14.27 17.72 12.01
Realindex Global Share-Class A 3 13.55 17.69 12.75
Acadian Sus Wholesale Glb Equity 4 12.66 17.04 13.07
Talaria Global Equity 3 11.44 16.88 9.83
Dimensional Global Value Trust 4 15.62 16.05 11.83
Acadian Wholesale Global Eqty Long Short 5 13.23 14.10 12.43
Templeton Global Trust Fund 2 13.63 12.35 9.69
World Large Blend
Fund Name Morningstar
Rating
6m% 1y% 3y%
Capital Group New Perspective (AU) 4 15.74 27.65 18.29
Magellan Global 5 14.67 26.33 18.78
JPMorgan Glb Rsrch Enhncd Idx Eq Fd 3 15.76 24.41 15.55
Nikko AM Global Share 5 13.18 24.16 18.63
AB Global Equities 4 14.82 24.14 17.56
iShares International Equity Index 4 15.91 23.78 15.96
Vanguard International Shares Index 4 15.91 23.76 15.88
AXA IM Sustainable Equity 5 13.25 23.76 17.19
Dimensional Global Large Company Trust 4 15.90 23.13 15.63
MLC Wholesale Global Share 3 12.80 23.09 15.88
World Large Growth
Fund Name Morningstar
Rating
6m% 1y% 3y%
Zurich Investments Unhedged Global Gr 4 14.20 30.38 19.43
Generation Wholesale Global Share 5 18.20 29.35 22.37
Franklin Global Growth W 4 17.17 28.95 19.56
C WorldWide Global Equity Trust 3 14.21 28.77 18.09
Zurich Investments Gbl Thematic Shr 3 15.29 28.07 16.93
MFS Concentrated Global Equity Trust W 4 16.04 27.91 17.90
MFS Global Equity Trust 4 15.51 27.55 16.84
T. Rowe Price Global Equity 4 12.65 26.17 20.36
Walter Scott Global Equity 4 14.65 25.56 18.33
Fidelity Global Equities 4 13.17 23.53 16.48
Australian Real Estate
Fund Name Morningstar
Rating
6m% 1y% 3y%
Pendal Property Investment 4 9.84 30.48 14.53
AMP Capital Listed Property Trusts A 4 9.15 30.19 14.35
Vanguard Australian Property Secs Idx 4 9.13 26.91 13.50
iShares Australian Listed Property Index 4 9.07 26.70 13.35
CFS Wholesale Property Securities 3 9.04 26.17 12.52
MLC Wholesale Property Securities 3 8.56 25.83 12.74
FirstChoice WS Property Securities 4 9.59 25.45 12.47
Antares Prof Listed Property 3 8.27 24.61 10.52
Ironbark Paladin Property Securities 4 9.84 24.31 13.43
Zurich Investments Aus Property Secs 4 9.30 24.13 12.79