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Highlights
- Hyperion's Australian Growth Fund leads with strong returns.
- Key holdings include software companies like WiseTech and Xero.
- ECP Asset Management and Platypus Australian Equities follow closely behind.
Hyperion Asset Management’s Australian Growth Fund has achieved the top position in Mercer’s equities survey for one-year returns, surpassing 141 other strategies. The Brisbane-based fund saw an impressive 42.2% gain before fees for the year ending September 30, significantly outperforming the S&P/ASX 300 Index's 21.7% return during the same period.
Hyperion's key to success lies in its investments in leading software and technology companies. Its top five holdings include WiseTech (ASX:WTC), Xero (ASX:XRO), Afterpay’s parent company Block (ASX:SQ2), Fisher & Paykel (ASX:FPH), and Macquarie Group (ASX:MQG). WiseTech, which has been embroiled in governance controversies, accounted for nearly 10% of Hyperion’s portfolio. Despite the challenges surrounding WiseTech's founder, the stock remained a strong performer for Hyperion.
While Hyperion’s one-year return stood out, its performance over three years has been less favorable. The fund ranked 117 out of 131 for three-year returns, reflecting a period when growth-focused strategies were not as successful.
ECP Asset Management’s All-Cap Fund followed closely behind Hyperion, with a strong return of 39.1%. The fund's top holdings include Block, IDP Education (ASX:IEL), GQG Partners (ASX:GQG), ResMed (ASX:RMD), and CSL (ASX:CSL). ECP’s strategy has focused on undervalued companies, particularly highlighting GQG’s growth as a major factor in its success.
Platypus Australian Equities also made a mark, securing third place with a 36.5% return. The fund’s portfolio manager attributed its performance to its focus on structural growth businesses such as Fisher & Paykel, Pro Medicus (ASX:PME), and Goodman Group (ASX:GMG), citing strong management and industry leadership as key factors.
Other notable performers include Acadian Australian Long Short Equity, which ranked within the top 10 with a return of 31.1%, and Tribeca Alpha Plus Fund, which secured ninth place with a 28% return.
