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Mercer remains top Australian manager
01 June 2008
In spite of a vigorous shake up in the rankings, Mercer is top of Morningstar's Australian fund rankings for the second time in a row. Hong Kong rankings saw less change since March but AXA Rosenberg steals first place despite being unplaced in March, writes Caspar Hoare
Mercer Global Investments remains the top fund in Morningstar's Australian Funds at the end of April, retaining its lead with an average rating of 4.36 stars across 14 funds since Asian funds were last profiled in March, finds Caspar Hoare
However, Mercer is one of only two funds to hold its position in the top 10 despite a vigorous shake-up in the rankings since March. Industry Funds Investments moves into second place having been previously unplaced, like BlackRock and Schroder, which move into fourth and fifth. Fiducian falls from second place to fifth. Challenger Financial Services Group remains sixth. A.S.S.E.T, also unplaced moves into seventh place. IOOF moves from 11 to eighth while Aust Unity moves into ninth place, previously unplaced in March. UBS falls from fourth to tenth.
In Hong Kong, changes in the rankings were less pronounced with only one new name in...
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