Posted inTop Trumps

Top Trumps: North America – 15 August 2024

This week FSA provides a quick comparison of two North American funds: the Allspring US All Cap Growth fund and the UBS USA Growth Equity fund.
by Fund Selector Asia
Source: FE Fundinfo. All relevant fund data converted to US dollars for comparative purposes. Performance, alpha and volatility are annualised over three years with data as reported at the end of last month. Information ratio (IR) aims to measure a portfolio manager’s consistent ability to generate excess returns relative to a benchmark. The higher the IR, the more consistent the manager is.

Based on the popular 80s card game, each week we select an asset class and use FE fundinfo data to compare two funds based on their three-year performance, assets under management, alpha, volatility, ongoing charges and information ratio to decide which is the Top Trump.

This week, the UBS USA Growth Equity fund defeats the Allspring US All Cap Growth fund: 5-1.

Allspring US All Cap Growth fund

The fund invests at least two-thirds of its assets in equity securities of US companies of any size.

Top 10 holdings:

  1. Microsoft Corporation (9.5%)
  2. Amazon.com (9.39%)
  3. Nvidia Corporation (9.21%)
  4. Meta Platforms (6.1%)
  5. Apple (4.47%)
  6. Alphabet (3.68%)
  7. Mastercard (2.32%)
  8. Uber Technologies (2.18%)
  9. Fair Isaac Corporation (2.09%)
  10. Booking Holdings (1.92%)

UBS USA Growth Equity fund

The fund is an actively managed equity portfolio investing in selected US companies with a focus on growth stocks.

Top 10 holdings:

  1. Nvidia Corp (8.2%)
  2. Microsoft Corp (8.2%)
  3. Apple (8.1%)
  4. Amazon.com (7.7%)
  5. Meta Platforms (5.5%)
  6. Alphabet (4.3%)
  7. Broadcom (3.9%)
  8. Eli Lilly & Co (3.8%)
  9. Mastercard (3.7%)
  10. Oracle Corp (3.3%)

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