Posted inHead To Head

HEAD-TO-HEAD: Pictet versus T Rowe Price

FSA compares two Japanese equities products: the Pictet Japanese Equity Opportunities Fund and T Rowe Price Japanese Equity Fund.
by Rupert Walker

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Source: FE Fundinfo. Three-year cumulative returns in US dollars.

Performance

Both of these funds have comfortably beaten the Nikkei 225 (52.4%) and their benchmark Topix index (48.1%), in the past five years, noted McDermott.  The T Rowe Price fund has returned 77.8%  during that period, while the Pictet fund has returned 66.6%.

According to FE Fundinfo, the T Rowe Price fund has generated a three-year cumulative return of 34.6%, outperforming the Pictet fund (29.2%), as well as its benchmark (23.55) and its sector average (24.4%). Yet, its annualised volatility of 19.04% is less than its Pictet rival (20.37%0, benchmark (20.83%), and its peers (19.82%), FE Fundinfo data shows.

“Indeed, the T Rowe Price fund has produced positive returns in three of the past five calendar years, the strongest of which came in 2020 (34.5%) and 2017 (31.7%),” said McDermott. Its biggest annual loss was in 2018, when the fund fell 13.2%.

The Pictet fund has produced positive returns in four of the past five years, with its best performance in 2017, when it returned over 30%, noted McDermott. The only year of underperformance came in 2018, when the fund lost 18.1%.

Year-to-date the, the Pictet fund is ahead, posting a 5.1% return, compared with the T Rowe Price product (down -6.54%), and the Topix (1.92%) and the sector average (2.15%), according to FE Fundinfo.

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