The FSA Spy market buzz – 3 May 2024
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.
For this comparison, FSA chose to compare the best and the worst performer in a category. The intention was to highlight investment strengths and weaknesses, which tend to be very clear when funds at opposite ends of the spectrum are compared.
Therefore, the case for choosing the E Fund RMB Fixed Income Fund over the CMS fund is obvious and compelling.
A broad evaluation of the CMS fund should focus on two aspects: the fund holdings and the skills of its management.
While remaining true to its mandate, the CMS fund now provides exposure to convertible bonds, which come with their own specific risks and potential rewards. The decision to switch to convertibles, however, could be seen as the manager’s gamble to mend the fund’s poor 2016 return record.
While convertibles have recently suffered as the underlying equities slumped, the fund offers some upside potential if China’s equity market outperforms.
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.
Part of the Mark Allen Group.