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0.General, 1.Market Observations

16 Oct 2012 (AFR) – Stock pickers reap 20 pc-plus for funds

[COMMENT: This news article includes a table of 10 (managed funds) fund managers with performance figures. Mind you, this writer/commentator is always sceptical of the value of managed funds as this year’s best performing managers are often far from the top next year.]

(16 Oct 2012, AFR, p21, Ruth Liew)

‘Some of Australia’s top-performing equities fund managers reaped returns of more than 20 per cent for the past year.’

‘However the average Australian shares manager reported 14.7 per cent returns for the 12 months to September, barely beating the median index’s 14.5 per cent, figures from Mercer show. But the top ranking managers, including Investors Mutual and the Schroder Aust Equity Opportunities Fund, gleaned 20 per cent-plus returns for investors.’

Read more at AFR.com (might need AFR login access)

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