Head To Head

HEAD-TO-HEAD: Investec versus JP Morgan

FSA compares two global mixed asset products: the Investec Global Multi Asset Income Fund and the JP Morgan Multi Income Fund.

by Francis Nikolai Acosta 12 April 201910 November 2020

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Luke Ng, FE Advisory Asia

Introduction

Multi-asset products have become very popular in Asia, particularly those that provide income to investors, according to Luke Ng, Hong Kong-based vice president at FE Advisory.

During market volatility, products that are diversified with multiple asset classes are expected to give investors a smoother ride than equity markets, while still delivering on the income target, Ng added.

Multi-asset funds were among the most searched-for products by Asia’s private banks and wealth managers last month, according to data provided by Fund Info.

In Hong Kong, multi-asset has become the most successful fund category, accounting for 36% of gross sales in 2018, according to HKIFA data.

Against this backdrop, FE’s Ng compares two global multi-asset funds: the Investec Global Multi Asset Income Fund and the JP Morgan Multi Income Fund.

	Investec	JP Morgan
Size	$585m	$5.71bn
Inception	July 2011	Sept 2011
Manager	John Stopford, Jason Borbora-Sheen	Michael Schoenhaut, Leon Goldfeld, Eric Bernbaum, Matthew Pallai
Three-year cumulative return*	13.27%	22.14%
Three-year annualised return**	4.22%	6.83%
Three-year annualised alpha**	2.75%	3.13%
Three-year annualised volatility**	2.88	5.21
Morningstar analyst rating	*****	****
Morningstar star rating	Silver	Silver
FE Crown fund rating	**	****
OCF	1.31%	1.59%

Source: FE, Morningstar

*8 April 2016 – 8 April 2019

**9 April 2016 – 5 April 2019

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