The FSA Spy market buzz – 24 November 2023
Fidelity Mutual conversions gather pace, Lithium’s shocking fall, NFTs come back from the dead, Fast cars and underperformance, Doing national service in China, Big three dominance fades and much more.
FE Analytics has awarded the Blackrock fund two crowns and just one crown to the Threadneedle fund. The crown-rating methodology assesses the fund’s alpha, volatility and consistency of performance.
Ng agrees with his firm’s preference, and adds that FE considers that the Blackrock fund is one of the best in the UK equity fund universe.
“It has a strong, well-resourced team, its stock selection process works and its strategy has been highly effective, as reflected in the fund’s historical performance,” said Ng.
Investors in the Threadneedle fund might have to take a long-term view and be patient in order to enjoy better returns.
Fidelity Mutual conversions gather pace, Lithium’s shocking fall, NFTs come back from the dead, Fast cars and underperformance, Doing national service in China, Big three dominance fades and much more.
Part of the Mark Allen Group.