The FSA Spy market buzz – 31 March 2023
Retirement at Aviva Investors, inflation beneficiaries (maybe), Allianz Global Investors is going all in in China, BNP Paribas’ thematic outlook, UBS and Credit Suisse, Nasdaq performance and much more.
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.
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.
Related Stories
Promoted Content
-
Fixed income – making ground in ESG as ETFs see rapid growth in AUM
-
Investment Ideas for 2021: Explore the untapped potential in China Small Companies
-
Smartphones on wheels
-
Dynamism is the name of the game for this global macro strategy
-
Tech WELLcovered | Work reimagined
-
How can a sustainable approach also ensure you don’t compromise performance?
-
China bonds: plugging the yield gap
-
China’s post-pandemic growth gathers pace
-
Appetite for thematic investments grows amid rates and inflation concerns
-
Driving decarbonisation: how to access new forms of alpha
