The FSA Spy market buzz – 24 March 2023
Bitcoin rolling futures, new fund pricing models gather pace, greenbleaching, sustainable bonds (not), thematic investing at the top; consultant jokes, Munger’s wisdom and much more.
HEAD-TO-HEAD: Fidelity versus Mirae Asset
FSA compares two Asia (ex-Japan) products: the Fidelity Asia Focus Fund and the Mirae Asset Asia Sector Leader Equity Fund.
Conclusion
The Fidelity fund has a four-star Morningstar rating and an analyst rating of Silver, while the Mirae fund carries three stars and a Bronze analyst rating.
Morningstar’s star rating looks at historical risk-adjusted performance and the analyst rating is based on forward-looking analysis.
While Daniels likes both funds, he said that he has more conviction that the Fidelity fund will outperform the Mirae fund in the long-term, as reflected in the analyst rating.
“But it also depends on individual investors’ circumstances,” he said.
The Fidelity fund is a solid option for those investors looking for a core Asia (ex-Japan) equity offering.
“For investors who are looking exposure to the rising Asian consumer, I think the Mirae strategy suits quite well.” he said.
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