Friday 7th May 2004 |
Text too small? |
The latest Mercer Investing Consulting survey shows the median return for the three-year period to March 31, 2001 was 8% a year. In contrast, the median return for the three-year period to March 31, 2004 was 3.8% a year.
In March 2001, BT Funds Management was the highest- performing manager, with a return of 9.4% per annum. In the March 2004 survey Arcus was the highest-performing manager with a return of 6.1% per annum, while BT dropped to eighth position. In contrast, Tower ranked seventh of the managers in the March 2001 survey but is the second-highest performing manager in the current survey, returning 5.5% per annum over the past three years.
Guardian Trust Funds Management achieved the highest return for the quarter with 3.7%, followed by Tower Asset Management with a return of 3.4%. The median return for the quarter was 3.1%.
Returns for the past 12 months have ranged between a gross return of 25.7% from Arcus to a 15.0% return from BNZ Investment Management.
No comments yet
Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes