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
Conclusion

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Both funds are focused on luxury and premium brands, which is a niche sector. “It is quite a focused mandate that gives exposure to a small space,” noted Khizou. “Investors should be aware of that.”

Both funds have experienced management, with the investment process slightly stronger at JB/GAM, which is reflected in the forward-looking Morningstar analyst rating of Silver compared to Pictet’s Bronze.

In this head-to-head, the factors that make the Julius Baer fund stand out are the stronger analysis of broader expectations of the market in addition to bottom-up stock selection and a more narrow focus on the high-end iconic luxury brand names, which results in a purer access to that segment, Khizou said.

Many of the names the JB/GAM team chooses tend to hold up extremely well in almost any environment, according to Khizou. The management has the judgment to trim exposure based on valuation and has been selling mostly at the right time, she added.

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