The latest update on Global Mid Small Cap Funds in Australia
In the latest Foresight landscape report on global median small cap funds, we showcase the success of active managers, market share of key players, ranking of funds by flows, advanced performance statistics and distribution of fees charged. Our analyses show alpha generation across open-ended funds (over last 5 and 10-year periods) continues to be weak on a post-fee basis with less than 50 percent of managers outperforming. The market share of managers in this asset class continues to be dominated by open-ended funds. By equity styles, small cap ‘core’ managers dominate the share at about 30 percent of the market. Net asset flow ranking has been dominated by Equity Trustees, Fidelity and Lazard over the March 2017 quarter. Elsewhere, rolling 12-month returns continue to be very healthy with top performing manager delivering as high as 21.5 percent (Yarra AM) over the past 12 months. Our report shows the management fee is at the higher end of all equity funds in the country with open-ended category averaging at 1.4 percent.