May continues to test markets with ongoing volatility and steep falls across a range of asset classes, a report by Australian Fund Monitors shows.

It is too early for hard numbers for May, but anecdotal evidence is that many fund managers will be equally tested.

Meanwhile April's results continue to show many managers' ability to perform well in a negative market.

Australian Fund Monitors’ index rose by 0.48 per cent in April, with equity based funds rising 0.41 per cent and non equity based funds 0.59 per cent.


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