Conclusion
“Both funds have strong teams on the ground, which is essential in the China equity market in general and especially during these turbulent times,” said McDermott.
The Invesco fund has a maximum five-star rating from Morningstar, which evaluates funds based on their past performance, while also taking into account their risk and, increasingly, their fees.
FE Fundinfo awards it three crowns (out of five), which reflects the fund’s to stock-picking, consistency and risk control.
The Allianz fund has yet to be rated by either research firm because of its brief track-record.
“In fact, it is both the long-term performance and the value nature of the Invesco vehicle which makes it a more attractive,” said McDermott.
“We like the fact the managers target companies they feel are undervalued by about 25-30% and hold them with the expectation they will reach fair value over a three to five-year time horizon,” he added.
“It’s a fund we have supported for many years.”
Riding the wave of alternative income amongst HNWIs in APAC
Smartphones on wheels
Dynamism is the name of the game for this global macro strategy
Driving decarbonisation: how to access new forms of alpha
Tech WELLcovered | Work reimagined
China’s post-pandemic growth gathers pace
The future of mobility
Investment Ideas for 2021: Explore the untapped potential in China Small Companies
Eastspring landing page
Step up your portfolio by doubling down on sectors set for long-term growth
Astronauts and silver; Eastspring’s parseltongue; Janus Henderson’s contrarian Europe; Seinfeld on AI; A meritocratic fund; Bitcoin fizzes with Trumpian enthusiasm; Mug shot; Getting aggressive and much more.
Part of the Mark Allen Group.
