The FSA Spy market buzz – 6 September 2024
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.
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.
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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