The FSA Spy market buzz – 13 December 2024
M&G’s positive outlook; Wisdom from Schroders’s podcast; Alliance Bernstein on the power of curiosity; Janus Henderson on responsible AI; China’s retirement revolution; Apple and much more.
HEAD-TO-HEAD: Artemis versus Seneca
FSA compares two global multi-asset income products: the Artemis Monthly Distribution Fund and the Seneca Diversified Income Fund
Conclusion
FE Analytics has given the Artemis fund a four-crown rating, while the Seneca fund receives five crowns.
The crown-rating methodology assesses the fund’s alpha, volatility and consistency of performance.
While McDermott believes that both funds have strong track records, he prefers the Artemis fund over the Seneca product.
Although the Seneca product has a higher yield than the Artemis fund, McDermott noted of the Seneca product’s higher fees.
“The Seneca fund has the stronger yield of the two, but does incur higher charges for investors as well.
“We’d probably lean towards the Artemis fund given it has two great securities pickers who have a proven record of investing in their respective asset classes.”
That said, he does not dissuade investors from investing in the Seneca product given that it is also a strong contender. In addition, investors who are also in favour of the fund’s process of investing in other asset classes may find the product suitable for them.
Related Stories
Promoted Content
-
Dynamism is the name of the game for this global macro strategy
-
Conditions in the high yield market
-
Taking a thematic approach to harness disruption
-
Fixed income – making ground in ESG as ETFs see rapid growth in AUM
-
Who’s afraid of higher interest rates?
-
Healthcare’s innovation shifts into high gear
-
Smartphones on wheels
-
Appetite for thematic investments grows amid rates and inflation concerns
-
China’s post-pandemic growth gathers pace
-
Federated Hermes SDG Engagement Equity: 2021 H1 Report
