The FSA Spy market buzz – 11 April 2025
Lazard actively looks at Next Gen; Goldman Sachs loves active in small places; Janus Henderson is reassuring; Private equity’s overflowing war chest; Jevons Paradox; Hamlet’s wisdom and much more.
HEAD-TO-HEAD: Blackrock versus Fidelity
FSA compares two global multi-asset income funds: the BGF Global Multi Asset Income Fund and the Fidelity Global Multi Asset Income Fund.
Conclusion
The Blackrock fund receives a three-star Morningstar rating, while the Fidelity fund has four-star rating. Both products have an analyst rating of Silver.
Morningstar’s star rating looks at historical risk-adjusted performance and the analyst rating is based on forward-looking analysis.
“It is a pretty close race because we both have high conviction in both funds and both have lived up to their promises,” Claus said.
“However, I have a slight preference in the Fidelity fund as it has shown better downside capture compared to its peers.”
Claus added that Fidelity’s target income range of 4-5% is more realistic than Blackrock’s 5-6%.
“The Fidelity fund has a modest return target. You would think that a higher return is better, but given the difficult current market environment, a return target of 4-5% is enough, while a higher one is more difficult to achieve.”
Related Stories
Promoted Content
-
Step up your portfolio by doubling down on sectors set for long-term growth
-
Taking a thematic approach to harness disruption
-
Tap into Japan’s post-pandemic growth trends
-
Tech WELLcovered | Work reimagined
-
Nuveen broadens income sources via private capital and real assets
-
Who’s afraid of higher interest rates?
-
Ninety One: Finding opportunities in times of change
-
The year of living dangerously for income investors
-
Smartphones on wheels
-
Investors turn to real estate for alternative income
