The FSA Spy market buzz – 26 April 2024
Golden mystery, Next big Healthtech thing, Plastic everywhere, The Magnificent Seven wane, Dreary fund presentation hell, Putting The Economist in its place, A touch of Shakespeare and much more.
Ng has a clear preference for the Blackrock fund. “It is one of the best among Asian fixed income funds,” he said.
The Blackrock team is focused on relative value in their credit selection. “Of the two funds, the Blackrock fund delivers returns both from capital appreciation and from income generation in a less volatile style,” he added (The three-year annualised volatility of the fund is 3.81 compared to Legg Mason’s 7.22, as per data from FE).
However, he noted that due to a different focus on currencies, the Legg Mason fund can outperform in an environment where local Asian currencies are strengthening with respect to the US dollar, as has been the case so far in 2017.
Golden mystery, Next big Healthtech thing, Plastic everywhere, The Magnificent Seven wane, Dreary fund presentation hell, Putting The Economist in its place, A touch of Shakespeare and much more.
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