AllianzGI agrees to buy UOB Asset Management
AllianzGI will also have long-term access to UOB’s retail client network.
This week, FSA provides a quick comparison of two Indian equity funds: Jupiter India Select and FSSA Indian Subcontinent.


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, Jupiter India Select beats FSSA Indian Subcontinent 5-1.
FSSA Indian Subcontinent
This fund aims for long-term capital appreciation and invests primarily in a diversified portfolio of equity securities and equity related securities issued by companies of the Indian subcontinent. Countries of the Indian subcontinent include India, Pakistan, Sri Lanka and Bangladesh.
Top 10 holdings:
HDFC Bank 8.4%
Kotak Mahindra Bank Limited 8.3%
ICICI Bank Limited 6.4%
ICICI Lombard General Insurance Co. Ltd. 4.4%
Bosch Limited 4.4%
Bharti Airtel Limited 4.3%
KEI Industries Limited 4.1%
NIVA BUPA HEALTH INSURANCE CO LTD 3.1%
Colgate-Palmolive (India) Limited 3.0%
Bajaj Auto Limited 3.0%
Jupiter India Select
This fund aims for long term capital growth through investment primarily in India and selected opportunities in Pakistan, Bangladesh, Sri Lanka, Bhutan, Nepal and the Maldives.
Top 10 holdings
Godfrey Phillips India Ltd 6.4%
State Bank Of India 5.1%
Fortis Healthcare Ltd 4.8%
Bharti Airtel Ltd 4.6%
Hdfc Bank Ltd 3.3%
Bharat Petroleum Ltd 3.2%
Larsen And Toubro Ltd 3.2%
Hindustan Petroleum Corp Ltd 3.1%
Interglobe Aviation Ltd 3.0%
Hcl Technologies Ltd 2.7%
*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.
AI investments, supply shocks and heavy government borrowing are accelerating a repricing of long-term rates, according to BlackRock’s Investment Institute.
Mohammad Hasif bin Ahmad Murad is based in Malaysia.
The business, formerly based in Edinburgh, effectively retired its brand name at the end of last year.