HEAD-TO-HEAD: Investec versus JP Morgan
By Francis Nikolai Acosta, 12 Apr 19
FSA compares two global mixed asset products: the Investec Global Multi Asset Income Fund and the JP Morgan Multi Income Fund.
Luke Ng, FE Advisory Asia
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.
|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||**||****|