The FSA Spy market buzz – 13 December 2024
M&G’s positive outlook; Wisdom from Schroders’s podcast; Alliance Bernstein on the power of curiosity; Janus Henderson on responsible AI; China’s retirement revolution; Apple and much more.
HEAD-TO-HEAD: Blackrock vs Jupiter
FSA compares two global flexible bond funds: the Blackrock GF Fixed Income Global Opportunities Fund and the Jupiter Dynamic Bond Fund.
The Blackrock fund receives a Morningstar analyst rating of Silver and a three-star rating, while the Jupiter fund receives a Silver analyst rating and a four-star rating.
Morningstar’s analyst rating is a forward-looking analysis of a fund, while the star rating looks at historical risk-adjusted performance.
Dash said that global flexible bond funds should not be a core fund in their portfolio but instead should be used as a support to take advantage of certain investment environments.
He would not comment on whether he prefers one fund over the other.
He said that investors should be aware of what these funds are aiming for. The Blackrock fund is more focused on capital preservation and generate returns uncorrelated with the broad bond market, while the Jupiter fund’s objective is delivering at least second-quartile returns on an annual basis relative to its peers.
Investors should also be aware that the Blackrock fund is more diversified, while the Jupiter fund has more high yield bonds.
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