Top fund managers have to keep up
According to van Eyk Research (research firm and consultant to financial planners), older established fund managers must keep up with current trends in the market or risk losing more business to their younger and more progressive counterparts. Prominent fund managers such as Macqaurie Investment Management, Portfolio Partners and Mercantile Mutual have come under fire, with all three dropping in ratings set by analysts. The study also revealed that industry competition had soared and that managed funds, which invested in both growth and value stocks were more popular amongst investors. Funds given the thumbs up were Colonial First State's Imputation Fund, AMP's Capital Approach fund, Deutsche Asset Management's High Alpha Fund, Merrill Lynch Mercury Asset Management's equity investments and Perpetual Investments' share funds.
‘Poor report card gives big players notice', The Australian Financial Review, 27/09/00, p 18.