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: GAM vs JP Morgan
FSA compares the GAM Star China Equity Fund and the JPM China Fund.
While some investors are still bullish on China, placing their confidence in cyclical sectors, such as industrials, energy and materials, others are worried about import tariffs that the US may place on Chinese goods.
China’s ongoing transition from a focus on infrastructure, materials and property to a more domestic consumption-driven economy, should mitigate the risk of US trade restrictions, according to Germaine Share, senior analyst, manager research at Morningstar.
“China’s huge population can support a strong economy without relying on exports,” she said.
In choosing an actively-managed fund the key consideration, according to Share, is the manager’s proven track record. The investors should choose experienced managers who “can manoeuvre through macroeconomic headwinds”, she said.
Given this backdrop, Share provides a comparative analysis of the GAM Star China Equity Fund and the JPM China Fund.
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