The FSA Spy market buzz – 19 April 2024
Doom and gloom on China, Peaks and troughs from First Sentier, Ninety-One looks at failure, Lombard Odier’s good news, Corporate jargon hell, Visit cheap Japan 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.
Doom and gloom on China, Peaks and troughs from First Sentier, Ninety-One looks at failure, Lombard Odier’s good news, Corporate jargon hell, Visit cheap Japan and much more.
Part of the Mark Allen Group.