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The beginning of 2022 has marked a significant shift in the market paradigm, with the multi-decade tailwind of falling bond yields, which supported the valuation of ‘long duration’ assets like growth stocks, turning into a headwind. The impact has been far swifter than many expected.
Brisbane-based equity manager, Hyperion, has once again topped the table of equity managers covered by independent research house Morningstar. The group swept three categories for its outstanding performance in 2020, in large-cap Australian shares, small-cap Australian shares and large-cap global shares. According to Morningstar the funds in order returned 33.3%, 33.7% and 46.0% respectively in…
Growth managers continue to show their wares in the first quarter of 2020, holding up better than their value counterparts across Australian equity funds, declining only slightly less than the benchmark. The COVID-19-induced volatility over the first quarter led investors to assume that value strategies would come out on top. Morningstar says: “Looking at the…