Sign up for free newsletter

 

ASX200 rises by 5.9 per cent in September

ASX200 rises by 5.9 per cent in September


The market’s stellar run continued in September to put the ASX200 index into positive territory over the last 12 months, according to Australian Fund Monitors.

The ASX200 rose 5.90 per cent in September and 3.10 per cent over the last 12 months, with year-to-date performance up 27.43 per cent.

Funds monitored by Australian Fund Monitors’ hedge fund indices rose 2.68 per cent in September and 15.29 per cent YTD. Equity based funds rose 3.48 per cent in September and 20.93 per cent YTD, while non-equity based funds rose 1.33 per cent in September and 7.45 per cent YTD.

AFM says that as sharp and welcome as the recovery rally has been, there are a number of hedge fund managers who are taking some risk off the table, believing that the market has run too hard, too fast. Those taking that view in September have generally suffered by underperforming the market, while some of the concentrated managers have continued with stellar returns.

Generally speaking the managers who excelled in 2008 are sounding cautious, whilst many of those burnt last year are enjoying the market’s rally, says AFM. 

Furtherreading
from our other sites
morenews

BSX leads the way for ILS listings

Fri, 24/Mar/2017 - 13:55

ILS market could reach USD100 billion

Fri, 24/Mar/2017 - 13:50

Further opportunities for PE growth

Fri, 24/Mar/2017 - 13:43

Introducing the Bermuda LLC

Fri, 24/Mar/2017 - 13:26

events
23 hours 59 min from now - Singapore
23 hours 59 min from now - London
1 week 1 day from now - Hong Kong
1 week 2 days from now - Toronto
listingsdirectory
IKONIC Fund Services Ltd.
Tue, 29/11/2016 - 12:28
Backstop Solutions Group
Tue, 08/11/2016 - 18:44
The Gemini Companies
Mon, 17/10/2016 - 12:51
specialreports
other gfm publications