|
|
|
|
Hedge Clippings | 19 December 2025 It's too early to give clear accolades for the best performing funds for the year, but it's obviously clear that digital assets have been the worst performing peer group year to date, with an average performance of -13% to the end of November, and little chance to recover over the next 10 days. However, it does emphasise that a single year doesn't, or shouldn't, define digital funds, which returned 68% in 2024, and 86% in 2023 - and in keeping with their volatile nature, fell 50% in 2022. Over 7 years on a cumulative basis, funds in the digital asset peer group have returned 49.17%, clearly eclipsing the various equity peer groups - small cap, large cap, alternative, local and global - which have ranged between 10 and 12% annualised over the past 7 years, which in itself is a pretty attractive return. Over the past 12 months to the end of November, the average across all Equity Peer Groups has returned over 15%. Equities have certainly run hard, although sector-related, and averages don't really tell the whole story. Within all equity-based peer groups, over the past 12 months the worst-performing fund in the Top 20 funds returned 38.5%, with the Top 4 (all unsurprisingly resources-based) all exceeding 100%. The question for 2026 will be, can the equity party continue after 3 strong years, as that appears to be the recent cycle - three strong years followed by a negative one, such as 2022 and 2018, where all equity groups gave away at least a portion of the previous three years' gains? That's when diversification ticks in. For details of all the above, visit www.fundmonitors.com or directly to the Peer group comparison page https://www.fundmonitors.com/peergroups.php. We're approaching the end of the year, but Hedge Clippings is not quite ready to call it quits just yet. Given the tragedy and shock of Sunday's Bondi mass shooting, we were going to leave politics and interest rates alone this week, save to say that apparently the UK, US and others have issued a travel advisory to their citizens suggesting Australia is not a safe destination. Sadly. We never thought we'd hear that, but maybe we all need to work harder at being truly tolerant, irrespective of our views, background, religion or ethnicity, and understand how lucky we are - or should be - to live here. News | Insights Market Commentary | Glenmore Asset Management 10k Words | Equitable Investors November 2025 Performance News Bennelong Twenty20 Australian Equities Fund Insync Global Capital Aware Fund Glenmore Australian Equities Fund Argonaut Natural Resources Fund Insync Global Quality Equity Fund |
|
|
If you'd like to receive Hedge Clippings direct to your inbox each Friday |
