Posted inHead To Head

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.
by Francis Nikolai Acosta

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The Hamon and Schroders funds versus their benchmark indices, according to FE Analytics. Note: All fund and index NAVs have been converted to US dollars.

Performance

The Schroders fund has performed consistently better against its benchmark than the Hamon fund, according to Ng.

Fund / benchmark

YTD 2018

 2017 2016 2015 2014 2013

2012
Hamon Asian Market Leaders Fund

-25.76

 33.24 -3.20 -5.70 0.58 -2.80

20.23
     MSCI AC Far East ex Japan Index

-13.34

 42.56 6.57 -9.22 3.49 4.05

22.39
Schroder ISF Asian Opportunities Fund

-13.89

 51.02 5.82 -4.30 6.28 0.98

25.95
     MSCI AC Asia ex Japan Index

-13.13

 42.08 5.76 -8.90 5.11 3.33

22.70
Source: FE Analytics

“The Schroders fund has consistently outperformed the Hamon fund, either in a rising or falling market,” he said.

Ng said he believes the reason for this is Schroders’ Asia ex-Japan equities team, which has around 15 portfolio managers and 30 analysts. On the other hand, the Hamon fund relies on the support of around four people, including the firm’s CEO. Yet these same people are also in charge of other mandates, he said.

In terms of volatility, the Hamon fund is the most volatile, according to FE data.

Three-year annualised volatility

Fund / Index

Volatility
Hamon Asian Market Leaders Fund

19.09
     MSCI Daily TR AC Far East ex-Japan

16.29
Schroder ISF Asian Opportunities Fund

15.94
     MSCI AC Asia ex-Japan

15.84
Source: FE Analytics

 

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