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HEAD-TO-HEAD: Alliance Bernstein vs JP Morgan

FSA compares the AB Japan Strategic Value Portfolio and the JP Morgan Japan (Yen) Fund.
by Fund Selector Asia

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Conclusion

The AB fund has a two-star FE crown rating and a Morningstar analyst rating of Neutral. The JPM fund carries five-stars and a Bronze, respectively.

The FE Crown Rating measures alpha, volatility and consistency over the last three years, plus evaluates fund managers over a long track record. Morningstar’s analyst rating is based on forward-looking analysis.

Ng added that the JPM fund is among FE Advisory Asia’s list of top 100 recommended mutual funds available to investors in Hong Kong.

“The proven track record of its managers and outperformance justify our selection for the list. The active stock-picking strategy adds value to the fund, reflected in the consistent above-peers returns,” he explained.

Moreover, he said investors should expect the substantial outperformance against the benchmark to somewhat reduce as the managers for the JPM fund discontinued the use of leverage to amplify relative returns.

Choosing between the two funds, Ng noted investors should also look at the investment styles – the AB fund is a typical value strategy while the JPM fund has strong conviction when it comes to quality growth companies.

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