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: Miton versus Schroders
FSA compares two US equity products: the LF Miton US Opportunities and the Schroder US Mid Cap Fund.
Conclusion
The Miton fund receives a four-star Morningstar rating and an analyst rating of Bronze. The Schroders product receives three stars and an analyst rating of Bronze.
Morningstar’s star rating looks at historical-adjusted performance and the analyst rating is based on forward-looking analysis.
McDermott does not prefer one fund over the other, noting that both products have been consistent in investment style and performance. He also believes that both teams are experienced.
“I like both funds. If you believe, as many do, that we are approaching the end of a cycle where growth has significantly outperformed and you expect a valuation tilt, you would consider the Schroders fund.
“However, if you think the market has more legs in it, which you could argue given that while US growth is slowing it is still reasonable, then I’d opt for the Miton product,” he said.
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