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.
Morningstar has awarded the FSSA fund five stars based on historical returns, with an analyst rating of “neutral”, while it has granted four stars to the T Rowe Price Fund with an analyst rating of “bronze”.
FE Fundinfo, which bases its assessment on a fund’s three-year history of delivering alpha, minimising relative volatility and producing consistent returns, gives the FSSA fund four crowns and three crowns for the T Rowe Price fund.
“Although we don’t have a specific outlook about which fund is going to perform stronger next year, based on our analysis, we clearly think that the T Rowe Price fund would be able to generate a positive alpha for investors over a full investment cycle, which is about five to seven years,” Genderen said.
He stressed that investors should be aware that when they are choosing between the two funds they should be comfortable with the differences in concentration and in market cap bias.
“It’s up to the investor to decide which approaches best suit their own objectives and style of investments,” Genderen 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.
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