The FSA Spy market buzz – 28 March 2025
JP Morgan Asset Management gets enhanced; Thailand wants some leverage; Natxis is surveying the world; A billionaire here, another there; Business social media lunacy; Andrew Carnegie’s wisdom and more.
Between the two funds, Ng prefers the Templeton product. His decision is based on the higher four Crown Rating for the fund as well as the on-the-ground market research and performance.
FE Crown Ratings are a quantitative score that measures a fund’s performance, consistency and risk control.
The Pinebridge fund, which gets a two Crown Rating, has higher volatility and a lower three-year annualised return than the Templeton product.
However, Ng noted that it offers diversification. Because of the growth categorisation model used by the Pinebridge team, the fund does not have a bias toward any sector or country.
Based on this methodology, the fund should be resilient in different market cycles over the long-term, according to Ng.
Investors should also note that both funds charge a fee that is higher than the category average, Ng added.
JP Morgan Asset Management gets enhanced; Thailand wants some leverage; Natxis is surveying the world; A billionaire here, another there; Business social media lunacy; Andrew Carnegie’s wisdom and more.
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