The FSA Spy market buzz – 22 March 2024
AllianzGI on China stewardship, Death of the mutual fund, W’s top financial centres, Schroders on Japan, Swiss cuts and Japanese hikes, Reddit, Book wisdom and more.
The Allianz fund receives a two-star Morningstar rating and analyst ratings from Negative for the highest-cost share classes to Neutral for the cheapest, while the Fidelity fund receives a three-star Morningstar rating and analyst ratings of Neutral to Bronze, according to Ge.
For their clean share classes, the Allianz fund has a Negative analyst rating, while the Fidelity offering receives a Bronze analyst rating.
“I would pick the Fidelity fund over the Allianz product,” Ge said.
“On the process side, we are definitely confident as they have a proven framework and has generated good results. The Allianz fund, meanwhile, has gone through changes with its investment process and we have concerns with their management.
“The fees for the Fidelity fund is also cheaper. So they are really winning out of all categories.”
AllianzGI on China stewardship, Death of the mutual fund, W’s top financial centres, Schroders on Japan, Swiss cuts and Japanese hikes, Reddit, Book wisdom and more.
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