Posted inTop Trumps

Mutual Fund Top Trumps: Korea Equities – 26 October 2023

This week FSA presents a quick comparison of two Korean equity products: the Barings Korea Fund and the JP Morgan Korea 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 who is the Top Trump.

This week the JP Morgan Korea Fund defeats the Barings Korea Fund 4-2.

Barings Korea Fund

The aim of the fund is to provide a total return, including both capital growth and dividend income (after fees have been deducted), 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.

Sector weightings:

  1. Information Technology (30.3%)
  2. Industrials (14.3%)
  3. Materials (12.9%)
  4. Communication Services (10%)
  5. Consumer Discretionary (8.7%)
  6. Financials (7.9%)
  7. Healthcare (7.4%)
  8. Consumer Staples (7.1%)
  9. Energy (0.9%)
  10. Cash (0.6%)

JP Morgan Fund

The fund aims to provide investors with long-term capital appreciation through investment primarily (i.e. at least 70% of its total net asset value) in companies whose shares are listed on the Korea Stock Exchange or traded on the Korean over-the-counter market.

Sector weightings:

  1. Electrical & Electronic Equipment (28.8%)
  2. Chemicals (17.3%)
  3. Finance (15.3%)
  4. Others (8%)
  5. Transport Equipment (7.1%)
  6. Services (6.8%)
  7. Medical Supplies (4.3%)
  8. Manufacturing (3.9%)
  9. Distribution Industry (3.1%)
  10. Foods & Beverages (2.7%)

Part of the Mark Allen Group.