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.
Carrying an ongoing charge figure of 0.91%, the M&G fund is almost one-and-a-half times more expensive than its Fidelity counterpart’s 0.68%.
“Neither fund charges a performance fee, and both annual and additional expenses are reasonable,” Prior said. “These are actively-managed funds and should be charged as such.”
However, McDermott is not keen on the disparity.
He expanded: “The M&G fund is 0.91% OCF, which is too much in my view, especially given the size of the fund and the economies of scale they must be able to achieve.”
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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