The FSA Spy market buzz – 28 March 2025
JP Morgan Asset Management gets enhanced; Thailand wants some leverage; Natxis is surveying the world; A billionaire here, another there; Business social media lunacy; Andrew Carnegie’s wisdom and more.
After the US equities market was largely hit in the middle of March, the asset class is now on positive territory, with the S&P 500 returning 0.60% on a year-to-date basis, according to data from FE Fundinfo.
Several asset and wealth managers have become positive over the asset class, despite the economic slowdown caused by the Covid-19 pandemic.
For example, JP Morgan Asset Management believes that overall earnings growth in the US equity market is expected to pick up 29% in 2021, which compares with 21% in Asia-Pacific (ex-Japan) and 23% in emerging markets.
Asia-based fund selectors are also positive on the asset class, with around 30% of them indicating that they will be buying US equity funds in the next 12 months, according to Last Word Media research.
Against this backdrop, FSA asked Samiya Jmili, manager research analyst at Morningstar, to compare two US equity products: The Capital Group AMCAP Fund and the Neuberger Berman US Multi Cap Opportunities Fund.
Capital Group | Neuberger Berman | |
Size (Ucits / US-domiciled) | $113m / $70bn | $554m / $672m |
Inception (Ucits / US-domiciled) | 2017 /1967 | 2012 /2006 |
Manager | Barry Crosthwaite, Claudia Huntington, Eric Richter, James Terrile, Lawrence Solomon, Aidan O’Connell, Eric Stern, Gregory Wendt | Richard Nackenson |
Three-year cumulative return* | 38.91% | 15.12% |
Three-year annualised return** | 11.29% | 4.00% |
Three-year annualised alpha** | 2.93 | -4.6 |
Three-year annualised volatility** | 19.67 | 23.23 |
Morningstar analyst rating | Gold | Bronze |
Morningstar star rating | *** | *** |
FE Crown fund rating | – | ** |
OCF | 1.65% | 3.01% |
JP Morgan Asset Management gets enhanced; Thailand wants some leverage; Natxis is surveying the world; A billionaire here, another there; Business social media lunacy; Andrew Carnegie’s wisdom and more.
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