The FSA Spy market buzz – 26 April 2024
Golden mystery, Next big Healthtech thing, Plastic everywhere, The Magnificent Seven wane, Dreary fund presentation hell, Putting The Economist in its place, A touch of Shakespeare and much more.
The FE rating, which measures alpha, volatility and consistency of returns over three years, is two crowns for the GAM fund and four crowns for the JP Morgan fund.
Ng prefers the JP Morgan fund given its performance. It also captures the growing economy in Asia-Pacific more than the GAM fund given that it has an exposure to emerging markets.
“If you are interested in investing in economic growth in Asia-Pacific, the JP Morgan would be a better fund to capture that opportunity,” he said.
However, he noted that the GAM fund may be the better performer of the two if emerging markets fall into a period of underperformance – or if Japan reforms take hold and the economy surprises to the upside.
Golden mystery, Next big Healthtech thing, Plastic everywhere, The Magnificent Seven wane, Dreary fund presentation hell, Putting The Economist in its place, A touch of Shakespeare and much more.
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