Arcus leads managed fund revival

Friday 25th July 2003

Arcus Investment Management topped the performance of wholesale superannuation fund managers as overseas sharemarkets contributed to largely positive returns in the June quarter, the Mercer Investment Consulting survey shows.

Arcus achieved the highest return for the quarter of 11.8% before tax and fees. Almost 45% of the Arcus fund was invested in overseas shares over the quarter, versus a benchmark allocation of 46%, the highest of the surveyed funds. The median return for the quarter was 8.8%.

During the period, international equity markets rebounded strongly, with double-digit returns recorded by most major overseas markets over the quarter in local currency terms.

Returns for the past 12 months ranged between a gross return of 9.0% (Arcus) and a -1.1% return (Colonial Investment Management). The median return for the 12 months was 2.4% before tax and fees.

The lowest exposure to overseas equities was 26.8% (BNZ Asset Management), with all other managers maintaining an allocation over 30%.

The highest exposure to domestic (or transtasman) equities was 23.6% from ING New Zealand.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Investore Property Limited (Investore) today announced its financial results for the twelve months ended 31 March 2020 (FY20).
Rabobank GDT Analysis - Event 261
SkyCity Entertainment Group Limited - Update on COVID-19 Impacts and Recent Trading
ANZ announces sale of UDC Finance
Foley Wines Limited Announces Harvest Result, Earnings Outlook and Development in Martinborough
JUST MY VIEW - BRENT KING
BLIS delivers substained profitable growth
Infratil - Full year results announcement for the year ended 31 March 2020
COMVITA LIMITED Announces NZ$50 Million Equity Raising to improve balance sheet flexibility and build resilience
GMT’s delivers statutory profit of $284.4 million before tax