The FSA Spy market buzz – 4 October 2024
Schroders is hiring, Federated Hermes warns on PE exits, Fidelity thinks China is cheap, Pictet likes, gold and emerging markets, S&P 500 dividend woes, October’s volatility and much more.
Legg Mason Clearbridge has achieved stronger three-year cumulative and annualised returns, and its managers have earned more alpha, than the Schroders fund.
However, that success has been gained with exposure to a higher level of volatility than the Schroders product.
Nevertheless, analysts at FE Analytics and Morningstar are more confident that the Legg Mason fund can outperform its benchmark and peers with an appropriate level of risk than can the Schroders fund.
FE Analytics awards it a five-crown rating and Morningstar assigns it four stars, compared with two crowns and three stars respectively for the Schroder fund.
The Schroders fund is more defensive and should provide downside protection, despite last year’s weak performance, according to Tambe. But, over the long-term, he can sleep easier with the Legg Mason Clearbridge fund.
“The US economy can support – and is sustained by – the powerful monopolies that comprise the large-cap universe,” he said.
Schroders is hiring, Federated Hermes warns on PE exits, Fidelity thinks China is cheap, Pictet likes, gold and emerging markets, S&P 500 dividend woes, October’s volatility and much more.
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