Posted inTop Trumps

Mutual Fund Top Trumps: Emerging Asia – 7 March 2024

This week FSA presents a quick comparison of two emerging Asia equities funds: the abrdn Thailand Equity fund and the Fidelity Thailand fund.
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 which is the Top Trump.

This week, the abrdn Thailand Equity fund and the Fidelity Thailand fund tie 3-3.

abrdn Thailand Equity fund

The abrdn Thailand Equity Fund aims to generate capital growth over the medium to long term by investing in Thailand equities (company shares). The Fund aims to outperform the Thailand SET before charges.

Sector weightings:

  1. Consumer Discretionary (15.9%)
  2. Real Estate (13.5%)
  3. Healthcare (13.5%)
  4. Financials (10.8%)
  5. Industrials (10.2%)
  6. Consumer Staples (9.4%)
  7. Utilities (8.7%)
  8. Energy (6.1%)
  9. Other (10.4%)
  10. Cash (1.6%)

Fidelity Thailand fund

The fund invests at least 70% (and normally 75%) of its assets, in equities listed or traded on the stock exchange in Thailand. The fund may also invest in money market instruments on an ancillary basis.

Sector weightings:

  1. Financials (14.9%)
  2. Consumer Staples (14.7%)
  3. Healthcare (12.3%)
  4. Energy (12.3%)
  5. Real estate (9.2%)
  6. Industrials (9.1%)
  7. Consumer Discretionary (8.5%)
  8. Communication Services (8%)
  9. Materials (3.1%)
  10. Utilities (2.7%)

Part of the Mark Allen Group.