Posted inHead To Head

HEAD-TO-HEAD: Fidelity versus Invesco

FSA compares two Asia Pacific ex-Japan equity products: the Fidelity Asia Pacific Opportunities Fund and the Invesco Asian Equity Fund.
by Rupert Walker

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Darius McDermott, Chelsea Financial Services and Fund Calibre

Introduction

The Asia-Pacific ex-Japan fund category offers Hong Kong and Singapore retail investors plenty of choice. There are 120 funds available, run by the world’s leading asset management firms as well as home-grown regional specialists.

However, the long-run performance of the sector is mixed. The average three-year cumulative return is 28.73% in US dollar terms, according to FE Analytics data. That’s well below the 44.15% return of the MSCI AC Asia ex-Japan index.

The relative performance has been much better during the four-month long rally in Asian markets from the start of the year, when the US Federal Reserve announced its U-turn on its interest policy.

The sector has generated an average 12.93% return from 1 January – which is less than the 14.07% return by the index.

Against a background of renewed investor confidence in the sector, FSA asked Darius McDermott, managing director of Chelsea Financial Services and Fund Calibre, to compare two Asia-Pacific ex-Japan equity funds: the Fidelity Asia Pacific Opportunities Fund and the Invesco Asian Equity Fund.

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