The FSA Spy market buzz – 22 November 2024
Dimensional excludes the Middle Kingdom; JP Morgan’s optimistic outlook; Household wealth is rocketing; Schroders is thinking about privates; Ninety One’s pithy AI; German woes and much more.
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.
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.
Related Stories
Promoted Content
-
The year of living dangerously for income investors
-
Investors turn to real estate for alternative income
-
How can a sustainable approach also ensure you don’t compromise performance?
-
Smartphones on wheels
-
Nuveen broadens income sources via private capital and real assets
-
M&G Episode Macro shines after tough year
-
Tap into Japan’s post-pandemic growth trends
-
Who’s afraid of higher interest rates?
-
Your Questions Answered by Federated Hermes Impact Opportunities
-
Appetite for thematic investments grows amid rates and inflation concerns
