Fidelity Mutual conversions gather pace, Lithium’s shocking fall, NFTs come back from the dead, Fast cars and underperformance, Doing national service in China, Big three dominance fades and much more.
Isaac Poole, Oreana Financial Services
Asia equities have performed well last year, mostly driven by North Asia markets, and asset and wealth management expect that the asset class could repeat their strong performance this year.
“Asia is moving ahead, anchored on China,” Tuan Huynh, Deutsche Private Bank’s chief investment officer for Europe and Asia, said recently. “Emerging Asia’s corporate earnings per share estimates are already close to pre-crisis levels on the back of faster economic recovery,” he said.
Macro factors, which include increasing population, consumption and the fast development and adoption of technologies, also continue to support the positive outlook, according to Citi Private Bank.
Investors are also keen to invest more into the asset class on the back of this positive outlook, according to Isaac Poole, chief investment officer at Oreana Financial Services.
“We’ve seen increased interest from clients and we have seen increased allocations in both the Asia equity and debt space,” he said.
“The continued monetary support and low global interest rates, as well as the downward pressure on the US dollar, should be supportive for Asian equities,” he added.
Against this backdrop, FSA asked Poole to compare two Asia (ex-Japan) equity products: the Ninety One Asian Equity Fund and the Schroder ISF Asian Opportunities Fund.
|Manager||Greg Kuhnert||Toby Hudson|
|Three-year cumulative return||13.73%||31.98%|
|Three-year annualised return||4.86%||10.16%|
|Three-year annualised alpha||-2.99||1.48|
|Three-year annualised volatility||19.98||20.25|
|Morningstar analyst rating||***||****|
|Morningstar star rating||Bronze||Silver|
|FE Crown fund rating||*||***|
Source: FE Fundinfo, Morningstar Direct