The FSA Spy market buzz – 26 July 2024
BlackRock loves manufacturing, Small cap renaissance, Entropy in markets, Silver bugs and their fanaticism, China’s windy electricity, Life in cartoon, Ancient wisdom, Advertising and much more.
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.
BlackRock loves manufacturing, Small cap renaissance, Entropy in markets, Silver bugs and their fanaticism, China’s windy electricity, Life in cartoon, Ancient wisdom, Advertising and much more.
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