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

123456

Conclusion

Morningstar has awarded the Pictet fund four stars based on historical returns, and with a bronze analyst rating. The firm gives the T Rowe Price product five stars, and a forward-looking analyst rating of silver.

FE Fundinfo, which bases its assessment on a fund’s three-year history of delivering alpha, minimising relative volatility and producing consistent returns, awards both funds with three crowns.

“We quite like both of these funds as they have proven their credentials over a long period of time,” said McDermott.

“The Pictet fund is a consistent performer and is well ahead of its peers in the past 12 months. This has been aided by the fund’s cautious outlook and decision to stick to a style neutral position,” he said.

“However, if we were to lean toward one fund it would be the T Rowe Price offering,” said McDermott.

“The fund has been among the top performers in the sector since Ciganer’s appointment in 2013, and we particularly like the fact that his focus on companies that are undergoing corporate change is well aligned with Japan’s current economic and political climate.”

“Patience is sometimes required to see these types of opportunities pay off, and the notable overweight to smaller firms does make the fund riskier, but the thorough process behind the fund has proved this can be mitigated to a significant degree,” McDermott concluded.

123456

Related Stories

FSA SPY

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.

Part of the Mark Allen Group.