Fund managers find sweet spots despite volatile market
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Top-performing Australian share managed funds returned more than 20 per cent in 2020, despite a topsy-turvy year for equity markets.
Having hit a record high 7162.5 points in February, the benchmark S&P/ASX 200 index tumbled to a low of 4546 points in March as COVID-19′s footprint started to stretch beyond China. However, the market picked itself up and closed out the year at almost level pegging to where it started.
Afterpay, which saw its shares rocket from about $30 to $110 in 2020, was a big winner for many managed funds.
Credit:Attila Csaszar
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