Money magazine Comments - The truth about fund managers: it's not about beating the benchmark Fund managers do it (some of them, anyway) because these days many of the very large funds are run by people whose job is not to outperform but to replicate a benchmark. https://www.moneymag.com.au/feed/latest?story=141538422 Sat, 29 Dec 2018 07:46:25 +1100 Sat, 29 Dec 2018 07:46:25 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - The truth about fund managers: it's not about beating the benchmark https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Ben ()

Luck or Skill Marcus?

This from the AFR in April last year:

In September of 2016 Mr Padley announced plans to disrupt the funds management industry and launched a pair of separately managed account strategies - one aimed at long-term growth and the other at income.

While the income fund has performed strongly, delivering a return of 6.2 per cent since inception, compared with the losses of 1.6 per cent from the benchmark ASX 200 Accumulation Index, the growth fund has proved more troublesome.

Since inception in March 2016, the fund has lost 6.1 per cent compared with the benchmark ASX 300 Accumulation Index return of 20.1 per cent leading to an underperformance of 26.2 per cent to March 30.

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]]> Ben () Sat, 29 Dec 2018 07:46:25 +1100