Posted inTop Trumps

Mutual Fund Top Trumps: Agriculture – 14 December 2023

This week FSA presents a quick comparison of two agriculture products: the BlackRock GF Nutrition fund and the Pictet Nutrition fund.
by Fund Selector Asia
Source: FE Fundinfo. All relevant fund data converted to US dollars for comparative purposes. Performance, alpha and volatility are annualised over three years with data as reported at the end of last month. Information ratio (IR) aims to measure a portfolio manager’s consistent ability to generate excess returns relative to a benchmark. The higher the IR, the more consistent the manager is.

Based on the popular 80s card game, each week we select an asset class and use FE Fundinfo data to compare two funds based on their three-year performance, assets under management, alpha, volatility, ongoing charges and information ratio to decide who is the Top Trump.

This week, the Pictet Nutrition fund defeats the BlackRock GF Nutrition fund 5-1.

BlackRock GF Nutrition fund

The fund invests globally at least 70% of its total assets in the equity securities of companies engaged in any activity forming part of the food and agriculture
value chain as described in the prospectus.

Geographic breakdown:

  1. USA (40.18%)
  2. Switzerland (9.43%)
  3. UK (8.56%)
  4. Canada (8.23%)
  5. Netherlands (6.74%)
  6. Ireland (6.29%)
  7. Cash and/or derivatives (5.84%)
  8. Hong Kong (3.21%)
  9. Germany (3.08%)
  10. Norway (2.59%)

Pictet Nutrition fund

The fund mainly invests in equities of companies operating in the nutrition related sectors, especially those improving quality, access to and sustainability of food production.

Geographic breakdown:

  1. USA (38.97%)
  2. Switzerland (16.82%)
  3. France (8.9%)
  4. UK (7.63%)
  5. Ireland (5.02%)
  6. Norway (5%)
  7. China (4.34%)
  8. Japan (3.12%)
  9. Denmark (3.08%)
  10. Others (6.74%)

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