Posted inHead To Head

HEAD-TO-HEAD: Eastspring vs Henderson

FSA compares two Asia-Pacific real estate funds: the Eastspring Asian Property Securities Fund and the Henderson Asia Pacific Property Equities Fund.
by Fund Selector Asia
Fees

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The latest ongoing charges (OCF) of the Eastspring fund (Class A USD) is 2.5% a year as of end-2015.

“This could probably be attributed to the small fund size of the Eastspring fund ($7.3m as of January),” Ng explained.

The Henderson product (Class A2 Acc USD) had an OCF of 1.9% as of end-2016. However, “investors should also be aware that a 10% performance fee applies to the Henderson fund, which means investors could be paying higher costs because of that.”

The fund had $285.8m of AUM as of January.

The performance fee is defined in accordance with the “high water mark” principle, meaning 10% of outperformance relative to the benchmark, based on the increase of total net asset value (NAV) per share.

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