The FSA Spy market buzz – 28 March 2025
JP Morgan Asset Management gets enhanced; Thailand wants some leverage; Natxis is surveying the world; A billionaire here, another there; Business social media lunacy; Andrew Carnegie’s wisdom and more.
HEAD-TO-HEAD: Fidelity Strategic Bond vs M&G Optimal Income
This week's Head-to-Head sees the Fidelity Strategic Bond Fund take on the M&G Optimal Income Fund.
Since launching in April 2005, the Fidelity fund has returned 78.99% against sector average of 55.88%. However, its M&G counterpart has fared even better in a shorter time-frame, delivering 87.75% in eight-and-a-half years.
“Both funds have benefited from having the same experienced manager in place since their launch,” said McDermott.
“Over 10 years, the Fidelity fund has outperformed the sector average by 25%, and, although not quite as old, the M&G fund has outperformed the sector average by 45% since its launch. The numbers are also solid over five and three years.”
“Both funds, very unusually, have a relevant 10-year track record in that they have had a consistent lead manager and structure over this entire time,” Prior added.
“As early entrants into the strategic bond space both have done a solid job in participating in the fantastic run we have seen from bonds achieving not just bond like yield, but equity like capital returns also.”
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