14/05/2002 - 22:00

Funds deliver wide range of returns: study

14/05/2002 - 22:00

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A STUDY of long-term investment returns produced by fund managers has found substantial variation.

Funds deliver wide range of returns: study
A STUDY of long-term investment returns produced by fund managers has found substantial variation.

Consulting group InTech analysed the returns for diversified ‘growth’ funds, which invest primarily in Australian shares, international shares and property.

Growth funds are a core investment for most superannuation funds, and therefore have a direct bearing on the retirement savings of many Australians.

Over the 10 years to March 2002, the median (middle) return was 9.76 per cent per annum.

The top performer over this period was fund manager Maple Brown Abbott, which returned 11.23 per cent per annum.

Other top performers were Norwich Union Life (10.56 per cent) and Zurich (10.35 per cent).

At the other end of the scale, the worst performers were BT (8.67 per cent), Commonwealth (8.72 per cent) and Macquarie (8.94 per cent).

Over 15 years, the median return dipped to 8.98 per cent.

The top performer was National Australia Bank subsidiary MLC with a 9.85 per cent annual return, while the worst of the bunch was Tyndall with 8.10 per cent.

Twenty-year returns were boosted by the bull markets of the 1980s and 1990s.

The median return over 20 years was 12.89 per cent.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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