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Mutual Fund Top Trumps: Korea – 20 March 2024

This week FSA presents a quick comparison of two Korea funds: Barings Korea and JP Morgan Korea Equity.
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.

Barings Korea

The fund aims to provide a total return including both capital growth and dividend income in excess of the Korea Composite Stock Price index over a rolling five-year period by
investing in equity and equity related securities in Korea.

Top 10 holdings:

  1. Samsung Electronics (9.3%)
  2. SK hynix (9.28%)
  3. Hyundai Motor (4.27%)
  4. KB Financial Group (3.96%)
  5. Samsung Biologics (3.63%)
  6. Naver (3.49%)
  7. Kia Corp (3.11%)
  8. Shinhan Financial Group (3.11%)
  9. LG Energy Solution (2.84%)
  10. LG Chem (2.66%)

JP Morgan Korea Equity

The fund uses a fundamental, bottom-up stock selection process combined with top-down views on countries. It also uses a high conviction approach to finding the best investment ideas.

Top 10 holdings:

  1. Samsung Electronics (9.8%)
  2. SK hynix (9.3%)
  3. LG Chem (4.6%)
  4. Samsung Biologics (4.1%)
  5. Samsung Electro-Mechanics (3.4%)
  6. Naver (3.3%)
  7. SK (2.8%)
  8. Samsung C&T (2.7%)
  9. Hyundai Mobis (2.6%)
  10. Hana Financial (2.6%)

Part of the Mark Allen Group.