The FSA Spy market buzz – 15 November 2024
Granny gets a shot; Capital Group on Trump trades; Neuberger Berman’s opinion; The enduring wisdom of abrdn’s Hugh Young; Things that make one go Hmmm; M&G’s bike, and much more.
HEAD-TO-HEAD: Julius Baer/GAM vs Pictet
FSA compares the Julius Baer Luxury Brands Fund with the Pictet Premium Brands Fund.
The Julius Baer fund is co-managed by GAM’s Scilla Huang Sun and Andrea Gerst. Huang has 20 years of investment experience, but decisions are made together, according to Khizou. “This is a close-knit team, working in a collegial environment.”
The Pictet fund management team is led by Caroline Reyl and includes two co-managers: Laurent Belloni and Alice de Lamaze. Reyl also has 20 years of investment experience.
Both teams draw on the experience of external consultants and industry specialists in identifying trends and themes.
JB’s Huang and Gerst are stronger than the Pictet team in the analysis of industry trends and macro-economic factors, according to Khizou.
“In this sector, you have to not only be able to select stocks based on the bottom-up approach,” said Khizou, “but have very good analysis of the broader expectations of the market because of the number of elements that impact those companies on the macro-economic level.”
Reyl and her team “don’t make any major macro calls, but rather focus on companies with high growth in the premium brand segment”, Khizou wrote.
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