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 Schroders
FSA compares two global convertible bond funds: The Jupiter Global Convertibles Fund and the Schroder ISF Global Convertible Bonds.
CONCLUSION
The Jupiter fund has a Morningstar Analyst rating of Bronze for its share classes D and I, while the more expensive share classes are rated Neutral, according to Gkeka. Meanwhile, the Schroders fund has an analyst rating of Neutral for its clean share class C, while cheaper share classes are rated Silver and Bronze.
Morningstar’s star rating looks at historically-adjusted performance and the analyst rating is based on forward-looking analysis.
Gkeka did not say whether she prefers one fund over the other, noting that both products may appeal to different kinds of investors.
“Investors who are looking to capture more upside from their allocation to convertible bonds and have higher risk tolerance should prefer the Schroders fund given its higher equity sensitivity to growth sectors.
“On the other hand, more risk-averse investors who prefer a more conservative profile will be attracted by the Jupiter fund,” she said.
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