The FSA Spy market buzz – 6 September 2024
Machine learning Chinese investment, BlackRock’s AI patience, Time Magazine’s AI cover, happier staff equal better returns, do wealth managers add value? sexy legs and much more.
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.
Machine learning Chinese investment, BlackRock’s AI patience, Time Magazine’s AI cover, happier staff equal better returns, do wealth managers add value? sexy legs and much more.
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