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: Jupiter versus MFS
FSA compares two European equity products: the Jupiter European Opportunities Fund and the MFS Meridian European Research Fund.
Conclusion
The Jupiter fund receives a four-star Morningstar rating and an analyst rating of Bronze, while the MFS fund gets five stars and a Silver analyst rating.
Morningstar’s star rating looks at historically-adjusted performance and the analyst rating is based on forward-looking analysis.
Caquineau believes both funds are good options for investors looking at European funds.
“But I would probably lean toward the MFS fund, which has a higher analyst rating.”
He explained that he likes the MFS fund’s consistency and that the structure of team management is “far less problematic” when compared to the Jupiter fund.
“The downside protection the MFS fund offers, and its consistency of returns, makes it appealing because it performs relatively well in different market environments,” he added.
That said, Caquineau expects that some investors may prefer to invest in a fund that has only one or two managers accountable for the portfolio.
“With the MFS fund, you have 10 investment decision makers, so some investors might find that unsettling.
“If they prefer one single person who can explain how the portfolio is positioned and discuss all the stock holdings in detail, then the Jupiter fund is a better option,” he said.
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