The FSA Spy market buzz – 26 April 2024
Golden mystery, Next big Healthtech thing, Plastic everywhere, The Magnificent Seven wane, Dreary fund presentation hell, Putting The Economist in its place, A touch of Shakespeare and much more.
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.
Golden mystery, Next big Healthtech thing, Plastic everywhere, The Magnificent Seven wane, Dreary fund presentation hell, Putting The Economist in its place, A touch of Shakespeare and much more.
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