The FSA Spy market buzz – 4 April 2025
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HEAD-TO-HEAD: Invesco vs iShares
FSA compares the Invesco Korean Equity Fund with iShares MSCI Korea Ucits ETF, the largest of Korea equity ETFs, which have outperformed all active funds in the past year.
Calendar year performance of the Invesco Korean Equity Fund and the iShares MSCI Korea Ucits ETF. Data: FE, in US dollars.
Jeong assumed the management of the fund in 2006. When he started in this role, “he used to invest more heavily into cyclicals, in a more traditional style,” said Ng. “The performance was good, more correlated with the Korean market, but he found that it was really hard to get the timing right when investing in cyclical companies.”
In 2010, Jeong modified his investing style to focus on core quality stocks. “He believed that if he focuses on stocks with more sustainable and predictable long-term growth, it will be easier to outperform over the long period,” said Ng.
Jeong does stock analysis and company research by himself, said Ng. He has an assistant analyst to help with modeling stock fundamentals.
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