Fund managers with exposure to coal, oil, gas and iron ore dominated the leaderboard, while a leveraged fund took out the top position for five-year returns.
Investment consultant Mercer has ranked Glenmore Australian Equities Fund as the best-performing Australian strategy over a torrid 12-month period that included pandemic-induced supply chain shortages and surging inflation following Russia’s war in Ukraine.
In April, Whitehaven Coal revealed it enjoyed a record average coal price of $315 per tonne during the quarter,The second, best-performing, equities manager over the period was Melbourne-based Collins Street Value Fund, which returned 37.3 per cent net of fees. Rounding out the top five from Mercer’s entire universe were the Quest Long Short Fund, the Panther Trust Australian Shares Fund, and Australian Eagle Long Short Fund. They returned 30.7 per cent, 30.4 per cent and 30 per cent respectively over the 12-month period.The First Sentier Australian Equities Geared Fund ranked ninth overall for the 12-month period, and ranked top for five-year performance, with an average return of 21.3 per cent every year.
The asset manager added it believes commodity prices will remain strong to drive good returns for certain commodity miners over the medium and long term. It has also positioned the fund for the rising interest rate environment.
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