Posted inTop Trumps

Mutual Fund Top Trumps: Energy – 25 April 2024

This week FSA presents a quick comparison of two energy funds: the BNP Paribas Energy Transition fund and the Invesco Energy Transition 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 Invesco Energy Transition fund defeats the BNP Paribas Energy Transition fund 5-1.

BNP Paribas Energy Transition fund

The fund invests in companies globally which provide environmental solutions facilitating the transition to a low carbon economy.

Country breakdown:

  1. USA (40.69%)
  2. Germany (12.65%)
  3. Canada (10.75%)
  4. China (8.69%)
  5. UK (8.57%)
  6. Denmark (5.79%)
  7. France (3.96%)
  8. Spain (3.22%)
  9. Jersey (2.11%)
  10. India (0.92%)

Invesco Energy Transition fund

The fund aims to provide exposure to firms which contribute positively to a transition to
alternative energies and a more efficient and sustainable energy usage across the economy.

Country breakdown:

  1. United States 4(6.2%)
  2. Japan (9.6%)
  3. France (7%)
  4. Germany (4.2%)
  5. Spain (3.6%)
  6. Denmark (3.5%)
  7. Canada (3.2%)
  8. Italy (2.8%)
  9. Others (16.8%)
  10. Cash (3.2%)

Part of the Mark Allen Group.