Posted inHead To Head

HEAD-TO-HEAD: DWS versus Fidelity

FSA compares two global equity income products: the DWS Invest Top Dividend Fund and the Fidelity Global Dividend Fund.
by Rupert Walker

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Conclusion

Both funds have a Morningstar “People” score of Above Average, but the “Process” score for DWS is High versus Above Average for Fidelity.

This leads to Morningstar Analyst Ratings ranging from Gold to Bronze for DWS, while Fidelity’s ratings range from Silver to Neutral, depending on the fees of the share class.

“The process of DWS has been consistently applied and execution in the hands of Thomas Schussler has been effective for over 15 years,” said Schumacher.

“The approach is time-tested and robust, and Schussler has proven his ability to handle a large asset base, earning it a High process score,” he added.

Fidelity’s process is very solid too, but its track record is shorter and encompasses a period where quality stocks have done relatively well, according to Schumacher.

“We therefore want to see more evidence of how Roberts steers the fund through periods where its style is out of favour,” he said.

“Furthermore, the fund’s asset base has expanded rapidly in recent years and we must see if Roberts can maintain his stock picking efficacy managing a larger fund.”

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