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Financial Happenings Blog
Tuesday, January 18 2011
Today Mercer have released details of their 2010 fund manager scorecard.  The results are not good reading for active managers.  The median fund, of the 100 surveyed, under-performed the ASX300 by 0.6%.  The ASX300 return for the year was 1.9%.

As a point of comparison, the Australian Core Equity Trust we use for clients returned 3.56% for the year.

Care needs to be taken in looking at one year data to provide any useful insight into investment performance.  However, the data provides more anecdotal evidence of the extra risk involved with active management.

Regards,
Scott Keefer
Posted by: Scott Keefer AT 07:35 am   |  Permalink   |  Email
Monday, January 17 2011
The following link to a summary put together by Colonial First State provides very useful information for those who have been affected by the Queensland floods - Government Assistance for Queensland Flood Victims.  The summary includes the relevant Centrelink phone numbers and websites.

Regards,
Scott Keefer
Posted by: AT 08:05 am   |  Permalink   |  Email
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