The FSA Spy market buzz – 16 May 2025
Playing monopoly with ETFs; Eastspring is worrying about loss aversion; Family office explosion; SGX wants more action; The Fear and Greed Index; Retail investors plough on; Deepfake fraud and much more.
FE gives both the HSBC and Fidelity funds a five-crown rating, indicating that both had strong risk-adjusted performance in terms of alpha, volatility and consistency over the last three years.
According to Ng, it is very difficult to name which fund is better, adding that there are only a few funds in the Asia high yield market. Both funds could qualify for the market leader, especially given the quality of the investment teams and performance.
Ng said that a choice between the two will depend on the diversification needs or preference of the investor.
“It comes down to preference: Does the investor prefer to invest more in credit or more in sovereign bonds?”
For sovereign and quasi-sovereign bond exposure, the HSBC fund would be more suitable, Ng said.
For more credit exposure with little emphasis on government bonds, the Fidelity product is the more suitable choice, Ng said.
Playing monopoly with ETFs; Eastspring is worrying about loss aversion; Family office explosion; SGX wants more action; The Fear and Greed Index; Retail investors plough on; Deepfake fraud and much more.
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