Head To Head

HEAD-TO-HEAD: Ninety One versus Schroders

FSA compares two Asia (ex-Japan) equity products: the Ninety One Asian Equity Fund and the Schroder ISF Asian Opportunities Fund.

by Francis Nikolai Acosta 29 January 202129 January 2021

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Isaac Poole, Oreana Financial Services

INTRODUCTION

Asia equities have performed well last year, mostly driven by North Asia markets, and asset and wealth management expect that the asset class could repeat their strong performance this year.

“Asia is moving ahead, anchored on China,” Tuan Huynh, Deutsche Private Bank’s chief investment officer for Europe and Asia, said recently. “Emerging Asia’s corporate earnings per share estimates are already close to pre-crisis levels on the back of faster economic recovery,” he said.

Macro factors, which include increasing population, consumption and the fast development and adoption of technologies, also continue to support the positive outlook, according to Citi Private Bank.

Investors are also keen to invest more into the asset class on the back of this positive outlook, according to Isaac Poole, chief investment officer at Oreana Financial Services.

“We’ve seen increased interest from clients and we have seen increased allocations in both the Asia equity and debt space,” he said.

“The continued monetary support and low global interest rates, as well as the downward pressure on the US dollar, should be supportive for Asian equities,” he added.

Against this backdrop, FSA asked Poole to compare two Asia (ex-Japan) equity products: the Ninety One Asian Equity Fund and the Schroder ISF Asian Opportunities Fund.

	Ninety One	Schroders
Size	$1.87bn	$8bn
Inception	2007	2000
Manager	Greg Kuhnert	Toby Hudson
Three-year cumulative return	13.73%	31.98%
Three-year annualised return	4.86%	10.16%
Three-year annualised alpha	-2.99	1.48
Three-year annualised volatility	19.98	20.25
Morningstar analyst rating	***	****
Morningstar star rating	Bronze	Silver
FE Crown fund rating	*	***
OCF	1.93%	1.85%

Source: FE Fundinfo, Morningstar Direct

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