As Australia’s first generation of compulsory savers gets ready to retire, the country’s superannuation funds have a surprisingly heavy allocation to stocks, finds Towers Watson.
Tag : performance
Bond funds dominated investment performance last year, while equity funds were worst hit, particularly for India. BNP Paribas boasted the top fund of 2011, while CCB had the worst, according to Morningstar data.
Data from Lipper and Credit Suisse shows October and November have not been kind to the hedge-fund world, but annualised performance figures should be good enough.
Following a year of positive performance, the equity hedge manager hires long-only veteran Roger Lee to help build scale.
Hedge funds spring back in 2009, but not enough to generate over-excitement.
Funds of hedge funds are showing some razzle-dazzle in 2009 with several Asian specialists putting up sweet returns.
The best and worst performing unit trusts in May were equities funds, says Lipper.
Talk of lower taxes for oil companies boosts Russian funds, while a credit-rating upgrade helps Brazil portfolios, says Lipper.
Lipper figures show funds that invest in China were among those that underperformed in May.
Losses in the mainlandÆs domestic equities market are mounting and show no sign of abating, with inflation remaining a top concern.
Mandatory Provident Fund portfolios that invest in Greater China equities were the top performers in April, posting their highest average return since September 2007, according to Lipper.
The strong performance of international stock markets leads to a good month for funds that invest overseas, according to Lipper data.