For the second month in a row the best performing strategies and funds in the Australian Fund Monitors index were some of the worst performers of 2008.
For the second month in a row the best performing strategies and funds in the Australian Fund Monitors index were some of the worst performers of 2008.
Equity long, equity income and equity long/short all posted gains of over five per cent for the month.
Year to date all but three of the 16 strategies have produced positive returns, with equity long and equity long/short both leading the pack.
Overall, the index returned 3.05 per cent in April. Equity-based funds returned 4.17 per cent, while non-equity based funds returned 1.03 per cent and single funds 3.33 per cent. Fund of funds returned -0.39 per cent in April.
The figures compare with a 5.54 per cent return on the ASX 200 and a 9.39 per cent return on the S&P 500.
