Posted inHead To Head

HEAD-TO-HEAD: Julius Baer/GAM vs Pictet

FSA compares the Julius Baer Luxury Brands Fund with the Pictet Premium Brands Fund.
by Fund Selector Asia
Performance

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“Both funds will outperform in up markets, especially when emerging markets are doing well, given the fund’s exposure,” said Khizou. “And both funds will typically lag in downturn periods.”

During calendar year 2009, the worst year of the financial crisis, the JB fund returned 47% and Pictet 51.7%, though both underperformed the broader consumer goods and services sector (54.9%). Between 2010 and 2013, both funds outperformed the sector.

But due largely to the macro events mentioned previously 2014 to 2016 was not favourable for either fund. This is reflected in the three-year return numbers, which are negative for both funds.

The most recent one-year return, as of 29 June, is positive. The Julius Baer fund outperformed Pictet on a one-year and the three-year basis, while showing similar volatility.

  Julius Baer Pictet Consumer goods and services sector
1 Year Return 25.4% 20.9% 27.4%
3 Year Return -2.84% -5.16% 23.2%
1 Year Volatility 9.60% 10.20% 8.41%
3 Year Volatility 12.75% 12.17% 14.74%
Alpha (3-yr) -8.4 -11.14 -5.37
Beta (3-yr) 1.11 10.8 1.07
Sharpe Ratio (3-yr) 0.05 -0.23 0.27

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