A look at calendar year performance:
| YTD | 2014 | 2013 | 2012 | 2011 | |
| Allianz fund | -1.48% | -6.11% | 21.94% | 12.96% | -10.94% |
| JP Morgan fund | 1.55% | -3.55% | 15.18% | 20.37% | -19.53% |
Source: FE Analytics
The Allianz fund is more volatile due to its focus on small-caps, Ng said. While small-cap companies have the potential to grow faster than the market average, it also means that their performance can vary quite markedly from year to year.
A look at the volatility of both funds:
| Volatility | Beta | |
| Allianz fund | 11.96 | 0.93 |
| JP Morgan fund | 11.24 | 0.96 |
Source: FE Analytics
Manager review:
The Allianz fund’s manager, Stuart Winchester, joined the firm in 1992. He started managing the Oriental Income fund in 1994. He has 23 years experience with the fund house and portfolio management experience of 31 years.
He receives direct support from 18 research analysts whom are spread across sectors and regions. The team’s senior analysts possess over ten years of experience. In terms of sector coverage, the Allianz team places emphasis on technology and telecommunications.
The JP Morgan fund co-managers are all based in Hong Kong. Ogoshi is a Japan specialist and a member of the Japan portfolio group. Previously he was a portfolio manager in the Japan portfolio group. He joined the firm in 1998 as part of the equity derivatives group in Japan.
Mark Davids heads the emerging markets and Asia-Pacific equities team. He was previously senior portfolio manager for the European equity team at the firm, where he has worked since 1997.
Robert Lloyd joined the firm in Tokyo in 2005. Prior to JP Morgan, he was at UBS Asset Management as an investment analyst, initially for risk management and later for Japanese equities.
