Posted inHead To Head

HEAD-TO-HEAD: Ashmore vs Templeton

FSA compares two global emerging market bond funds: the Ashmore Sicav Emerging Markets Total Return Fund and the Templeton Emerging Markets Bond Fund.
by Francis Nikolai Acosta
Performance

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Source: Allfunds

The peer group index is shown here with performance versus a combined benchmark from Allfunds: the 50% JP Morgan GBI-EM Global Diversified Index and 50% JP Morgan EMBI Global Index.

Cumulative performance over the same year shows Ashmore with 29.4% and Templeton 18.1%, according to FE data.

Both funds have outperformed against the peer benchmark. However, the Ashmore strategy has a level of outperformance that is hard to match, Broussard said.

She noted, however, that the Ashmore fund tends to do best during strong market rallies, while struggling more during market sell-offs. For example, 2013 was a difficult year for fixed income assets, and the fund’s performance was flat versus its benchmark on a gross return basis.

On the flipside, given the Templeton fund’s aim to preserve capital, it tends to do best during down-markets, while struggling to keep up during market rallies, according to Broussard.

In terms of volatility, the Ashmore fund is more volatile than the Templeton fund and its peer group.

Ashmore fund

8.65%
Templeton fund

8.06%
Peer group index

7.86%

Source: Allfunds. Trailing three years.

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