The FSA Spy market buzz – 28 March 2025
JP Morgan Asset Management gets enhanced; Thailand wants some leverage; Natxis is surveying the world; A billionaire here, another there; Business social media lunacy; Andrew Carnegie’s wisdom and more.
HEAD-TO-HEAD: Fidelity Strategic Bond vs M&G Optimal Income
This week's Head-to-Head sees the Fidelity Strategic Bond Fund take on the M&G Optimal Income Fund.
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.”
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