The FSA Spy market buzz – 22 November 2024
Dimensional excludes the Middle Kingdom; JP Morgan’s optimistic outlook; Household wealth is rocketing; Schroders is thinking about privates; Ninety One’s pithy AI; German woes and much more.
HEAD-TO-HEAD: Fidelity vs First State
FSA compares the Fidelity India Focus Fund with the First State Indian Subcontinent Fund.
“Both managers are highly rated,” said Laidlaw. “They are two of our preferred managers.” Fidelity’s Kothari has earned a Morningstar analyst rating of silver and First State’s Agarwal received the gold.
Agarwal is the only gold-rated manager in the India equity universe, Laidlaw added.
He concluded that the Fidelity fund would suit those investors who are looking for more exposure to cyclical stocks, as well as quality and growth factors.
In choosing between the two funds, Laidlaw said he would pick the First State product based on the Morningstar rating.
However, the First State fund is suitable for more risk-averse investors seeking India exposure with more protection and an absolute-return focus, he added.
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