2013 AIA Best Performed Managed Investments Report

The AIA would like to thank members of the Brisbane Investment Management Group for producing this report for the benefit of AIA Members. The AIA relies on volunteers to achieve its mission of “Investors Helping Investors”.

Members of the group who participated in the researching, writing and reviewing of the report were: Lis Drew, Mike Tidbold, Greg Hunter, John Staples and Ashley Voigt.

Special thanks are given to John Staples for carrying out the onerous task of the final edit of the report, Project Manager Bob Hartley, who collated the performance data and Project Sponsor Graeme Bottrill who uploaded the report to the AIA Website.

Bill Shirley, President

Preface to 2013 Issue

For the seventh consecutive year, Members of the AIA Brisbane Investment Management Group (BIMG) have compiled a summary of results and other data for the top performing Managed Investment Products.

AIA Members will recall that in 2012 there were extensive updates to the report’s structure and content. This year there have only been a few changes to the narrative of the report. These include an expanded history of Managed Funds and a new section that discusses risk in Managed Funds.

This year we have made some changes to the list of funds included in the report. The changes are:

  • Revision to the criteria which determine the products to be included
  • Change of report title to Best Performed Managed Investments
  • Inclusion of Managed Funds from the Morningstar categories “World Currency Hedged” and “Global Real Estate”
  • Reporting of annual returns for the last 7 years instead of 5 years (where data is available)
  • Inclusion of a “watch list” – new Managed Funds that have shown good returns over 3 years

Performance and other key statistics are presented in tables. AIA members have the option to see data in a dashboard presentation on the AIA website.

Benefits for AIA Members

Key benefits for AIA Members are that this report:

  • Provides a reference point for the performance of Managed Investment Products compared to an individually managed portfolio of selected direct equities
  • Identifies products from the top quartile of Managed Investment Products providing analysis and evaluation of them. 
  • Provides key data sheets and references for individual  Managed Investment Products across a wide spectrum of asset categories
  • Provides summary information about Managed Investment Products prepared by an independent source that is not associated with any promoter

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Download pdf of full report

This year, we have not considered offering printed copies for sale.   If sufficient members request printed copies, we will certainly provide them.  Please call the office.  

 

 

AIA Best Performed Managed Investments Report 2013 - Table of Contents

1
2
3
3.1
     Managed Funds
3.1.1 
          Overview of Product Structure
3.1.2
          Where can I find Information about Managed Funds?
3.1.3
          Fund Categories
3.1.4
          Multisector Funds
3.1.5
          Managed Fund Objectives and Strategies
3.1.6
          Managed Fund Fees
3.1.7
          Performance Returns Reporting and Benchmarking
3.1.8
          Risk: A Fund Manager's view v's a Private Investor's view.
3.1.9
          Making Investments in Managed Funds
3.2
     Listed Investment Companies (LICs)
3.2.1
          Overview of Product Structure
3.2.2
          Where can I find Information about LICs?.
3.2.3
          Fees
3.3
     Exchange Traded Funds (ETFs)
3.3.1
          Overview of Product Structure
3.3.2
          Risks
4
5
5.1
     Evaluating Managed Funds
5.1.1
          Performance
5.1.2
          Investment Process
5.1.3
          People
5.1.4
          Costs
5.1.5
          Independent Analysis and Research Reports
5.1.6
          Timeliness and accuracy of reports and responsiveness to questions
5.1.7
          Economic situation and financial markets relative to the fund category
5.2
     Evaluating LICs
5.3
     Evaluating ETFs
6
6.1
     Why active investing?.
6.2
     Active Investing Strategies
7
7.1
     Selection Criteria
7.1.1           Managed Funds
7.1.2            Listed Investments Companies
7.2
     Information Presented
7.3
     List of Funds Included
7.3.1
     Funds in Australian Large-Cap Categories
7.3.2
     Funds in Australian Mid-Small Categories
7.3.3
     Funds in Bonds, Hedge Funds Categories
7.3.4
     Funds in World Categories
7.3.5
     Funds in Regional Categories  
7.3.6
     Funds in Real Estate Categories
7.3.7
     Funds in Multi-Sector Categories 
 7.4
 Listed Investment Companies (LICs)
7.5 Watch List
7.6 Appendix 1 - Funds in 2012 Report that do not appear in this year's report.