The FSA Spy market buzz – 6 September 2024
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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.”
Machine learning Chinese investment, BlackRock’s AI patience, Time Magazine’s AI cover, happier staff equal better returns, do wealth managers add value? sexy legs and much more.
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