The FSA Spy market buzz – 3 May 2024
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“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.
Catholic principles investment, Brown Advisory and ESG, Robotics and automation fun, China’s little bounce, Frontier investing excitement, Zero downside in wonderland, Bambu’s demise and much more.
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