The FSA Spy market buzz – 3 May 2024
Catholic principles investment, Brown Advisory and ESG, Robotics and automation fun, China’s little bounce, Frontier investing excitement, Zero downside in wonderland, Bambu’s demise and much more.
The Blackrock fund receives a three-star Morningstar rating, while the Fidelity product receives four stars. Both have an analyst rating of Bronze.
Morningstar’s star rating looks at historically-adjusted performance and the analyst rating is based on forward-looking analysis.
Meakin does not prefer one fund over the other given that both have the same analyst ratings.
However, he points out that the products have different uses in a portfolio.
“They have different roles and it depends on what investors are looking for in the financials sector.
“The Blackrock fund is suitable for investors that can stand extra-volatility or who are looking for a divergence from the index.
“Meanwhile, investors who are looking for a product that is more in line with the index, but at the same time, are looking for downside protection may consider the Fidelity product,” he said.
Catholic principles investment, Brown Advisory and ESG, Robotics and automation fun, China’s little bounce, Frontier investing excitement, Zero downside in wonderland, Bambu’s demise and much more.
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