HEAD-TO-HEAD: Fidelity vs JP Morgan AM
By Francis Nikolai Acosta, 8 Mar 19
FSA compares two Asia-Pacific (including Japan) funds: the Fidelity Pacific Fund and the JP Morgan Pacific Securities Fund.
Luke Ng, FE Advisory Asia
Asia-Pacific equity funds that include Japan are less popular than Asia-Pacific (ex-Japan) funds, according to Luke Ng, vice president at FE Advisory Asia.
“Investors see Japan as a separate market, especially since more countries in the region are emerging markets, while Japan is a more developed country,” he explained.
In Hong Kong, there are only 15 Asia-Pacific (including Japan) SFC-authorised mutual funds, which compares to the 119 Asia-Pacific (ex-Japan) products available, according to data from FE Analytics.
However, Ng believes that adding Japan may help diversify an investor’s Asia-Pacific equities portfolio.
“Japan relatively has less growth from a macro point of view, but there could be parts of the market that are less researched, which provides managers with stock-picking opportunities,” he said.
Against this backdrop, Ng compares two Asia-Pacific (including Japan) funds: the Fidelity Pacific Fund and the JP Morgan Pacific Securities Fund.
Aisa Ogoshi, Robert Lloyd
|Three-year cumulative return*|
|Three-year annualised return**|
|Three-year annualised alpha**|
|Three-year annualised volatility**|
|Morningstar analyst rating|
|Morningstar star rating|
|FE Crown fund rating|
Source: FE Analytics, Morningstar
*4 March 2016 – 6 March 2019
**5 March 2016 – 1 March 2019