The FSA Spy market buzz – 22 September 2023
AllianceBernstein’s new large cap ETF, The SEC gets ‘investment term’ serious, small-cap managers outperform, Dumb Money is coming, Franklin Templeton’s divis, Pictet on building and much more.
HEAD-TO-HEAD: Hamon vs Schroders
FSA compares two Asian (ex-Japan) equity funds: the Hamon Asian Market Leaders Fund and the Schroder ISF Asian Opportunities Fund.
Conclusion
FE Analytics has given the Hamon fund a one-crown rating, while the Schroders fund receives five crowns.
This crown rating methodology assesses a fund’s alpha, volatility and consistency of performance.
Ng said he prefers the Schroders fund over the Hamon fund.
“The Schroders fund has a better team, and the fund’s investment philosophy and process has been proven through the up and downs of the market,” he said.
Ng added that in addition to the Hamon fund’s under-performance, he is also concerned with the risk management of the fund, citing its high volatility.
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