The FSA Spy market buzz – 1 November 2024
Battleshares’ old versus new, Goldman Sachs’ Cassandra warning, Hong Kong property’s negative equity woes, Ninety One’s trillion-dollar question, Contrarian alert from CB, Lists and much more.
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% |
Battleshares’ old versus new, Goldman Sachs’ Cassandra warning, Hong Kong property’s negative equity woes, Ninety One’s trillion-dollar question, Contrarian alert from CB, Lists and much more.
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