Posted inHead To Head

HEAD-TO-HEAD: Morgan Stanley IM versus Pictet AM

FSA compares two global equity funds that focus on leading brands: the Morgan Stanley Global Brands Fund and the Pictet Premium Brands Fund.
by Rupert Walker

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Conclusion

 

“I like the thought process around the Pictet fund and its detailed attention to ESG factors, which is purer than those of the Morgan Stanley fund,” said McDermott.

However, he appreciates the ability of the Morgan Stanley fund to hold up well in any market conditions and really comes into its own when markets are falling, which gives it an edge over similar products,” he said.

For instance, the fund outperformed its benchmark and sector average during last year’s bull market, and was also significantly more resilient than both during 2018’s bear market, when it fell only 2.72%, compared with declines of 11.83% and 8.71% for the sector and MSCI World index respectively.

“This type of all-weather fund, and the fact that it can outperform on the way down as well as the way up makes it extremely consistent and very attractive to long-term investors,” said McDermott.

“So, on balance the Morgan Stanley product is my preferred fund,” he concluded.

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