Watching Fund Managers
As we return to normal after the frenzy of results season I thought I would take a moment to look at what some of the stock picking fund managers have been up to. At the end of the financial year Morningstar, who monitor managed funds, published their regular article on the best performing and worst performing large and small cap fund managers. Morningstar note that some of the most important decisions last financial year were to be overweight resources, not be too heavily weighted in banks and avoiding Telstra and AMP. But in order to make the top performing funds you really had to have big holdings in some of the star stocks of last year like APT, APX, KGN.
BEST PERFORMING LARGE CAP FUNDS
Bennelong Australian Equities +26.31%. The...Continue Reading