Posted inHead To Head

HEAD-TO-HEAD: Blackrock versus Capital Group

FSA compares two multi asset products: the Blackrock ESG Multi Asset Fund and the Capital Group Global Allocation Fund.
by Rupert Walker

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CONCLUSION

Morningstar has awarded the Blackrock product five stars based on historical returns, but with a Neutral forward-looking analyst rating. The firm gives the Capital Group fund four stars and an analyst rating of Silver – so the signals are mixed.

FE Fundinfo, which bases its assessment on a fund’s three-year history of delivering alpha, minimising relative volatility and producing consistent returns, awards the Blackrock fund two crowns, and rates the Capital Group much higher, with four crowns.

Möttölä concurs with FE Funinfo’s tilt.

“The Blackrock ESG Multi-Asset Fund is a solid offering, but it’s still too early to gain conviction in this strategy since the transformation to an ESG focus,” he said.

In contrast, the “Capital Group Global Allocation Fund impresses with its seasoned manager team, proven approach, and a parent company serving its investors exceptionally well,” he said

“The solid team and time-tested process are strong foundations on which to build, even if its pricing is less investor-friendly,” said Möttölä

“Capital Group’s fund is our favourite of these two at this moment,” he concluded.

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