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.
HEAD-TO-HEAD: Pinebridge vs Templeton
FSA compares the Pinebridge Global Emerging Markets Focus Equity Fund and the Templeton Emerging Markets Fund.
Conclusion
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.
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