Posted inHead To Head

HEAD-TO-HEAD: First State versus JP Morgan AM

FSA compares two Asia mixed-asset products: The First State Asian Bridge Fund and the JPM Asia Pacific Income Fund.
by Francis Nikolai Acosta

123456

CONCLUSION

The First State fund receives a five-star Morningstar rating and an analyst rating of Bronze, while the JP Morgan fund gets four stars and a Neutral analyst rating.

Morningstar’s star rating looks at historically-adjusted performance and the analyst rating is based on forward-looking analysis.

Ge pointed toward the funds’ analyst ratings, in which First State has scored higher than the JP Morgan fund.

“This reflects our higher conviction in the First State fund, which benefits from a best-in-class equity and reasonable fixed income approach that has delivered excellent results relative to its peers,” he said.

That said, he believes that the JP Morgan fund is also a good mixed-asset product.

“Though we’re still building confidence in its team’s cooperative efforts and asset allocation process,” he said.

He added that both products may appeal to different kinds of investors.

“Given the First State fund’s fixed 50% allocation to fixed income, it may be more suitable for investors who desire more downside protection and a smoother performance ride.

“On the flipside, more risk-tolerant investors may opt for the JP Morgan fund, which has generally had an equities overweight and a relatively higher preference for high yield credit,” he said.

123456

Related Stories

FSA SPY

The FSA Spy market buzz – 22 November 2024

Dimensional excludes the Middle Kingdom; JP Morgan’s optimistic outlook; Household wealth is rocketing; Schroders is thinking about privates; Ninety One’s pithy AI; German woes and much more.

Part of the Mark Allen Group.