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0.General, 1.Market Observations

17 July 2012 (TheAge) – Local share funds hit hard by global fears

[COMMENT: Managed funds? Are they worth investing in? Do they really give favourable returns over a “sensible” time frame?]

(17 July 2012, The Age, BusinessDay, p3, Eric Johnston)

‘GLOBAL market jitters in the past year derailed the performance of Australian share funds, which produced the worst returns since the global financial crisis.’

‘The median Australian share fund delivered losses of 6.9 per cent last financial year, erasing some of the strong double-digit returns of the previous year.’

‘Even so, the median performance of the country’s fund managers was largely in line with the 7 per cent fall recorded by the S&P/ASX 300 Index in the year to June 30, according to figures compiled by Mercer.’

Read more at TheAge.com.au

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