Posted inHead To Head

HEAD-TO-HEAD: Axa versus Invesco

FSA compares two UK corporate bond funds: the Axa Sterling Short Duration Bond Fund and the Invesco UK Investment Grade Bond Fund.
by Francis Nikolai Acosta

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Conclusion

The Axa fund receives a one-star Morningstar rating and an analyst rating of Neutral, while the Invesco product receives three-stars and also a Neutral analyst rating.

Morningstar’s star rating looks at historical risk-adjusted performance and the analyst rating is based on forward-looking analysis.

Chelsea’s McDermott is positive on both funds as they have different roles to play in a portfolio.

“We like both funds for different reasons. The Axa fund is a more defensive fixed income element in a portfolio.” For investors concerned about rising interest rates or inflation, the Axa product could be a consideration, he said.

“If you are more positive on bonds and think interest rates have peaked, the Invesco fund may appeal more,” McDermott said.

 

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