The FSA Spy market buzz – 3 May 2024
Catholic principles investment, Brown Advisory and ESG, Robotics and automation fun, China’s little bounce, Frontier investing excitement, Zero downside in wonderland, Bambu’s demise and much more.
Both funds and the sector have been generating attractive returns from 2019 to 2021 as the markets were booming but the situation reversed at the beginning of this year.
“The Brown Advisory fund has been an incredibly strong performer in the past five years, returning 83% to investors,” said McDermott.
“Performance has been very strong and alpha generation has been high and consistent since launch. The fund is interesting because, while it has been more volatile than most of its peers, it has performed well in a falling market,” said McDermott.
Despite reporting a -20.39% return year-to-date, it still outperforms the sector average of -20.98%.
On the other hand, the Pictet Global Thematic Opportunities fund has returned 42% in the past five years, according to data from FE fund info.
Its best return was also recorded in 2019 when the fund generated a 31.31% return for the year.
Yet, it has incurred its largest fall year-to-date with a negative return of 27.22%, almost eight percentage points lower than the sector average performance.
Discrete calendar year performance
Fund/Sector |
YTD* |
2021 |
2020 |
2019 |
2018 |
Brown Advisory |
-20.39% |
17.15% |
20.14% |
34.47% |
-3.09% |
Pictet |
-27.22% |
15.29% |
15.71% |
31.31% |
-9.99% |
Equity – International |
-20.98% |
14.95% |
16.24% |
24C.24% |
-11.10% |
Catholic principles investment, Brown Advisory and ESG, Robotics and automation fun, China’s little bounce, Frontier investing excitement, Zero downside in wonderland, Bambu’s demise and much more.
Part of the Mark Allen Group.