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HEAD-TO-HEAD: Allianz versus Schroders
FSA compares two equities products: the Allianz Global Equity Growth Fund and the Schroder ISF Global Sustainable Growth Fund.
Performance
Unsurprisingly, both funds have found it tough this year with the Allianz fund generating a -39.48% return year-to-date, while the Schroders fund has delivered a -23.02% return.
The relative underperformance of the Allianz fund can mainly be attributed to its strong bias towards growth stocks, which have suffered lately.
“If it’s a risk on environment where growth stocks are favoured, the Allianz fund will highly likely benefit from such an environment, whereas the Schroders fund will probably keep up with markets but to a lesser extent than the Allianz fund,” said van Genderen.
“And when you have a risk off environment, where investors are less enthusiastic about these high growth corners of the market, the Schroders fund will likely keep up better.”
Discrete calendar year performance
| Fund/Sector |
YTD* |
2021 |
| Allianz |
-39.48% |
13.77% |
| Schroder |
-23.02% |
19.28% |
Source: FE Fundinfo. Annual returns in US dollars. *1 January 2022 – 27 October 2022
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