The FSA Spy market buzz – 13 December 2024
M&G’s positive outlook; Wisdom from Schroders’s podcast; Alliance Bernstein on the power of curiosity; Janus Henderson on responsible AI; China’s retirement revolution; Apple and much more.
HEAD-TO-HEAD: JP Morgan versus Jupiter
FSA compares the JP Morgan European Dynamic Fund and the Jupiter European Growth Fund.
Conclusion
The JP Morgan fund receives an FE Crown rating of two stars, while the Jupiter fund receives five stars.
FE’s crown-rating methodology assesses a fund’s alpha, volatility and consistency of performance.
Kandlur does not prefer one fund over the other. “They facilitate different purposes,” she said.
The JP Morgan product is more of a core fund for investors who are looking for European exposure.
“Whilst it might lead to losses beyond the market in tough periods, it does not take a whole style risk,” she said, adding that it is also more diversified than the Jupiter fund.
Turning to the Jupiter fund, Kandlur said that it is for investors with higher risk tolerance.
“Although it has downside protection, it is a very concentrated portfolio, and given its growth bias, it can work against you if the style is not favoured by the market.”
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