Boutiques dominated Morningstar's list of best performing investment strategies for Aussie institutional investors, outstripping the median managers in their asset classes.
Platypus, ECPAM and Hyperion were the best performing Australian shares strategies, returning 8.1%, 8% and 6.3% respectively for the year ending November 30.
This is a long way from the median Aussie equities manager who made -0.8% during the trailing one year.
In global shares, funds from Hyperion, Magellan and Nikko Asset Management delivered the best returns, with 18.8%, 12.1% and 12% respectively. By comparison, the median manager in the category made 3.6% on an unhedged basis for the year.
In property securities, Ironbark, AMP and Macquarie led the return tables with 4.7%, 3.8% and 3.7% returns in the year to November 30. The median manager in this asset class returned only 1.5% which is in line with the indexed funds.
"Value Australian share strategies did better than their growth counterparts during the year. The S&P Australia BMI Value Index returned negative 0.5% compared with the S&P Australia BMI Growth Index's negative 0.6%," Morningstar said.