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Cape Town - In the quarter to end-June the best performance came from unit trusts invested in smaller companies.
This sub-category in the category domestic equities achieved a 14.7% return.
But in the year to end-June this was among the five worst-performing sub-categories; total return was 24.8% down. The same applies to the three years ending in June; over that period this sub-category's total return was a negative 1.4%.
The second-best subcategory for the past quarter was unit trusts invested in financial equities. This returned 14.1%, according to the quarterly PlexCrown survey.
The weakest performance for the quarter came from foreign fixed-interest equities, which sub-category delivered a negative 10.8%.
In all cases dividends were re-invested.
Compared with the international equities index, which lost 17% in rand terms over the quarter, domestic fund managers had a better showing. The second-worst performance came from unit trusts invested in the gold and other precious metals sector. The return was a negative 9.9%.
For the year ending in June the best unit trust sub-category was invested in property companies, delivering a 24% total return.
The other top sub-categories were all fixed-interest funds; unit trusts that invested in fixed-interest instruments produced a total return of 17%. Domestic fixed-interest income funds returned 13% and money market funds 11.7%.
The weakest sub-category over the past year was unit trusts invested in resources and basic industries. Their total yield was 42.3% down. The second-worst were foreign general equities, which declined 30.5%.
-Sake24
