HEAD-TO-HEAD: First State versus Templeton
By Francis Nikolai Acosta, 22 Feb 19
FSA compares the First State Asian Equity Plus Fund and the Templeton Asia Growth Fund.
Isaac Poole, Oreana Private Wealth
The Asia-Pacific equity markets took a beating in 2018. The MSCI AC Asia-Pacific (ex-Japan) Index was down 13.66% during the year versus the MSCI AC World’s -8.93% performance, according to FE data.
However, markets have recovered, with the Asia-Pacific index returning 9.37% year-to-date.
“Given the momentum and the recovery we’ve had in 2019, there’s definitely more interest to date than there was last year, when Asia suffered along with the rest of the world,” said Isaac Poole, chief investment officer at Oreana Private Wealth.
However, familiar risks continue to put pressure on Asia-Pacific equities: the outcome of the US-China trade negotiations, the clear slowdown of China’s economy and key elections in the region this year.
Against this backdrop, FSA asked Poole to compare two Asia-Pacific equity funds: the First State Asian Equity Plus Fund and the Templeton Asian Growth Fund.
Martin Lau, Richard Jones
Erik Mok, Sukumar Rajah
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