The FSA Spy market buzz – 6 June 2025
Animal spirits run wild; Franklin Templeton is taking credit; EM banking revolution; Not all luxury is equal; Death of search and the AI machine; George Soros on wins and much more.
HEAD-TO-HEAD: Bluebay vs Legg Mason
FSA compares the Bluebay Investment Grade Absolute Return Bond Fund and the Legg Mason Western Asset Macro Opportunities Bond Fund.
Conclusion
The Bluebay fund receives a Morningstar analyst rating of Neutral, while the Western Asset fund receives a Bronze analyst rating.
Morningstar’s analyst rating is a forward-looking analysis of a fund.
Dash does not prefer one fund over the other given the differences in their objectives.
“Both funds are trying to get something different. The Western Asset fund is about maximising total return with a lot of volatility, while the Bluebay is supposed to be an absolute return fund.”
Both funds also cater to different investors.
The Bluebay fund is one possibility for investors who want steadier returns with low volatility, while the Western Asset fund is a consideration for investors who are looking for higher returns and at the same time can stomach higher volatility, he said.
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