Posted inHead To Head, News, Research

HEAD-TO-HEAD: HSBC Jintrust vs Invesco Great Wall

FSA compares two MRF-approved China mixed-assets funds: the HSBC Jintrust Dynamic Strategy Fund and the Invesco Great Wall Core Competence Mixed Securities Fund.
by Fund Selector Asia
Conclusion

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Li acknowledges that the HSBC Jintrust fund is more nimble than IGW in its ability to respond to market conditions, implement sector rotation and follow themes. However, he said that of the two, he would recommend the IGW fund.

“[IGWs] process is more robust,” he said. The simple buy-and-hold approach focused on identifying stocks with promising growth has been very successful in the past.

“I personally have more confidence in the IGW fund than in the HSBC Jintrust fund,” he said. “It is more solid in fundamentals and it has a more experienced manager.”

The HSBC Jintrust fund has experienced a higher rate of team turnover, Li noted, attributing it to a conservative bank-like company culture, and contrasting with IGW’s more “open and relaxed” environment.

Li does acknowledge, however, that the HSBC Jintrust fund has a better downside control than the IGW fund, because of its ability and skill in timing the market.

Investors should be aware that although the IGW fund is likely to perform better than the HSBC Jintrust product in the long-term, it is also likely to suffer more in a downturn, he added.

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