Fund returns fall

Fund managers recorded a decrease in returns for the September quarter. Compared to a median return of 3.2 per cent in the June quarter, the September quarter sank to 1.8 per cent. The figures come from a survey by Mercer Investment Consulting, which ranked Norwich's balanced fund as the highest three-month return at 3.1 per cent. On the other end of the scale, Hopkins Partners product had a negative 0.3 per cent return. The sink in portfolio performance has been attributed to the fall in telecommunications stocks.

‘Fund returns down as All Ords loses ground', The Sydney Morning Herald, 09/10/00, p 39.