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 vs Matthews Asia
FSA compares the JP Morgan Pacific Securities Fund and the Matthews Asia Asia Dividend Fund.
Manager review
The JP Morgan fund is co-managed by Aisa Ogoshi and Robert Lloyd, who are both based in Hong Kong.
Ogoshi, the lead manager, belongs to the emerging markets and Asia-Pacific equities team (EMAP), and is a Japan country specialist. Lloyd is also member of the team and is focused on Japan.
Both are seasoned managers with strong track records in Japanese equity investments, Ng said.
“Outside of their specialised area, Ogoshi and Lloyd obtain the internal views from other country heads to construct the regional portfolio.
“The JP Morgan equities team is rich in resources. The EMAP team is comprised of several portfolio managers with responsibility to rate the stocks that are listed in a specific country,” he added.
The Matthews Asia fund, by comparison, is managed by four managers, lead manager Yu Zhang, and co-managers Robert Horrocks, Vivek Tanneeru, and a new member, Sherwood Zhang, who joined the team earlier this year.
Yu Zhang, the lead manager, oversees other dividend strategies within the firm, including China and Asia (ex-Japan) products. Horrocks, the firm’s chief investment officer, also manages the firm’s Asian Growth and Income Fund and co-manages the dividend strategies.
“Four managers work closely on several strategies, Ng said. “The managers’ performance track record has proven that the investment process is of good quality.”
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