The FSA Spy market buzz – 4 April 2025
BNY Mellon IM’s conversion; Elusive libertarian investing dream; Eastspring and Vontobel on tariffs; Wisdom of Larry Fink; Has the EU finally seen sense? Price of admission and much more.
HEAD-TO-HEAD: Franklin Templeton vs OMGI
FSA compares two US equity products: the Franklin Templeton US Opportunities Fund and the Old Mutual North American Equity Fund.
Pictured above: Fatima Khizou, Morningstar
US equities continue to set record highs. The S&P 500 was up 15% year-to-date, according to data from Bloomberg.
Along with the rising index, there is increasing concern about high valuations. The asset class has been the most expensive among the major global equity markets, with a forward price-to-earnings ratio of 18.2, according to a report from MSCI.
But the high valuations appear to be supported by underlying economic growth in the US, Kevin Anderson, State Street Global Advisors’ Asia-Pacific head, said previously. Because of that, he does not expect any huge market correction.
Against this backdrop, Fatima Khizou, London-based analyst for manager research at Morningstar, compares two US equity funds, the Franklin US Opportunities Fund and the Old Mutual North American Equity Fund.
Related Stories
Promoted Content
-
Accessing India’s tech future
-
Despite headwinds, ESG continues to perform
-
How can a sustainable approach also ensure you don’t compromise performance?
-
Tech WELLcovered | Work reimagined
-
Protected: From “FAANG” to “MAMAA” to “Magnificent 7” – what’s in a name?
-
Appetite for thematic investments grows amid rates and inflation concerns
-
The future of mobility
-
China bonds: plugging the yield gap
-
Driving decarbonisation: how to access new forms of alpha
-
Exciting opportunities in AI & Robotics outside of traditional tech
