Posted inHead To Head

HEAD-TO-HEAD: BNY Mellon vs JP Morgan

FSA compares two global equity income products: the BNY Mellon Global Equity Fund and the JPM Global Dividend Fund.
by Rupert Walker

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Conclusion

Both funds have been awarded four star ratings by Morningstar, which looks at historically risk-adjusted performance.

However, FE Fundinfo, whose rating methodology incorporates a fund’s alpha, volatility and consistency of performance, differentiates the two funds, awarding the JP Morgan fund three crowns and the BNY Mellon fund only two crowns.

But, McDermott is not swayed by FE Fundinfo’s preference.

“Given the recent change of manager and the lower cost, I would pick the BNY Mellon fund,” he said.

“I’ve known Nick Clay for a number of years, have confidence in his ability and, despite having a slight value tilt, the fund has held up especially well in an environment that has favoured growth,” he concluded.

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