21 March 2011 14:00
The end of February marked two years from the when the markets bottomed in the wake of the GFC, and Australian and international share markets are still more than 20 per cent off their peaks, according to Chant West, and listed property markets are still even further back.
“So funds still face an uphill battle to get back to their pre-GFC levels – even those that are well diversified into unlisted assets,” said Chant.
Global equities have driven most of MLC’s FY26 return so far, but its exposures to insurance-linked securities and “esoteric” credit have also put in the hard yards and helped the fund diversify beyond the AI thematic, according to chief investment officer Dan Farmer.
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