The FSA Spy market buzz – 29 November 2024
Yet another AI fund, competition is a good thing, let’s unleash the leverage, Baby! Pony is making driverless car progress, Amundi is bullish on Asia, learning to suffer heroically and much more.
McDermott believes that both the BNY Mellon Global Leaders and the Ninety One Global Equity funds are good global equity offerings.
“Both have been very consistent performers in the past few years.”
That said, he prefers the BNY Mellon offering.
“We’d lean towards the BNY Mellon fund as we like the high conviction approach. It pays no attention to benchmarks or sectors, so the risk is very stock specific.
“We like the approach at Walter Scott, which focuses exclusively on company fundamentals, as well as the collegiate decision making, which is designed specifically to remove any biases.”
McDermott noted, however, that the product may be suitable for investors who are willing to take a bit more risk away from the index.
“The Ninety One fund is also a good fund, as performance has been very consistent. It is built on the successful 4Factor Investment process and has a big team behind it, which has helped drive returns,” he said.
Yet another AI fund, competition is a good thing, let’s unleash the leverage, Baby! Pony is making driverless car progress, Amundi is bullish on Asia, learning to suffer heroically and much more.
Part of the Mark Allen Group.