AUSTRALIA - INVESCO was the best performing manager for the second year in a row with a 2004 annual return of 22%, according to the latest Intech Growth Funds Survey.
The survey revealed manager performance remained relatively unchanged from the previous year; with all but one of 2004’s top five appearing in 2003’s top 10.
Perpetual came in second with a return of 19% followed by BT (18.5%), AMP Bal Growth (17.8%), IOOF/Perennial (17.7%), Citigroup Growth (17.6%) and Suncorp (17%).
At the other end of the table, Intech said Colonial First State and Credit Suisse repeated 2003’s low position.
The top managers over seven years to 2004, according to Intech, were Maple-Brown Abbott, Tyndall, Schroders, Suncorp, BGI, IOOF/Perennial and ANZ.
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