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Ranking in terms of total returns

Discussion in 'Managed Funds & Index Funds' started by tony, 4th Dec, 2007.

  1. tony

    tony Well-Known Member

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    Hi

    For info.

    A facility that I like to use before I invest in a managed fund is to obtain the ranking of that fund relative to other funds in the same category. The ranking is in terms of total returns.

    Thus one reason for getting out of Platinum International was the average ranking relative to other funds in the same category eg
    ranked 90 out of 256 for the last month.

    Likewise my reason for getting into Australian Unity Property Securities Growth.

    The facility is available at nonemsn money website. Others may find it useful.

    Tony
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    I wouldn't pay too much attention to relative fund rankings which use shorter term historic performance as a measure ... it encourages those funds who take short term risks and punishes those funds which take a longer term view of value and such.
     
  3. tony

    tony Well-Known Member

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    Hi

    thanks

    note however that the same ranking tool also provides the rank of a particular fund over the past 3 and 5 years (compared to its peers).

    Thus one could see that a particular fund may have ranked 999/1000 in each of the past 3 months/ 1 year/ 3 years/ 5 years for that particular category.

    For example, a fund may have been perceived as "average" in terms of total returns over the past 5 years, except the return could be abmissal in comparison with similar funds over that period.

    It's just a tool - for short and long term comparison.

    Thanks

    Tony
     
  4. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Well that's a bit better then - your first post implied it was only short term comparisons (although that was just the way I read it - you didn't actually say as such)
     
  5. lorrimer

    lorrimer Well-Known Member

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    Hi Tony,
    Had a good look on the website but can't seem to find this tool.
    Which heading does it come under?
    Thanks,
    Lorrimer
     
  6. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Yup, and FWIW - you can do much the same thing using my Compare Funds site: Fund Statistics

    ... although I don't have as many fund managers covered as I'm sure Ninemsn do yet (I haven't seen the site, but I'm guessing they get their data from Morningstar ??)
     
  7. tony

    tony Well-Known Member

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