Posted inTop Trumps

Top Trumps: Convertibles – 6 February 2025

This week FSA provides a quick comparison of two convertibles funds: the BNP Paribas Global Convertible fund and the Franklin Global Convertible Securities 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 Franklin Global Convertible Securities fund defeats the BNP Paribas Global Convertible fund 5-1.

BNP Paribas Global Convertible fund

The fund aims to grow the value of its assets by investing in convertible bonds issued by companies globally.

Country breakdown:

  1. US (72.8%)
  2. Japan (4.2%)
  3. China (4%)
  4. Germany (2.6%)
  5. Korea (2.5%)
  6. Italy (1.6%)
  7. France (1.3%)
  8. UK (1%)
  9. New Zealand (0.9%)
  10. Spain (0.7%)

Franklin Global Convertible Securities fund

The fund pursues an actively managed investment strategy and invests mainly in convertible securities of any quality issued by corporations of any size located in any country.

Country breakdown:

  1. US (82.3%)
  2. France (1.9%)
  3. Italy (1.9%)
  4. Spain (1.8%)
  5. Belgium (1.8%)
  6. China (1.7%)
  7. Australia (1.7%)
  8. South Africa (1.6%)
  9. Others (3%)
  10. Cash & Cash Equivalents (2.4%)

Part of the Mark Allen Group.