Share funds in the red

Just one of 92 share funds in the market looks likely to record a gain from the financial year to June 30. Despite a strong recovery in May the median share fund is down 5.8 per cent for the year to date according to Mercer. Global equity funds rose 0.7 per cent in May but the benchmark index is down 5 per cent this month on rising oil price fears and analysts say the prospect of a recovery this financial year by the share funds is remote.

Source: The Australian Financial Review