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Domestic shares drive super returns
The manner in which Australian equities underpinned double-digit superannuation returns in 2006 has been underscored by the latest data released by Mercer InvestmentConsulting.
The Mercer Sector Survey for 2006 confirmed that the Australian share market had posted its fourth consecutive calendar year of double-digit returns, with an increase of 24.5 per cent.
It said that as a result of this, Australian shares managers had produced their highest three-year calendar returns since 1993, when the median rolling three-year return was 26.9 per cent.
The Mercer data said that, in total, all but five managers produced a return of 20 per cent or more for the year.
Mercer listed the top five performing Australian shares managers in 2006 as being Platypus (39.3 per cent), BT Focus (35.2 per cent), BGI Long Short (33.4 per cent), Perpetual Ethical (33.2 per cent) and Independent (32.4 per cent).
The strongest mover amongst these managers was Perpetual Ethical, which moved from position 103 in 2005 to rank fourth last year.
AUTHOR
Mike Taylor
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TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
59.27 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.01 3 y p.a(%)
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